scheme information document icici prudential bharat 22 …

Scheme Information Document

ICICI Prudential BHARAT 22 FOF

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SCHEME INFORMATION DOCUMENT

ICICI Prudential BHARAT 22 FOF is suitable for investors who are seeking*:

Long term wealth creation

A fund of funds scheme with the primary objective

to generate returns by investing in units of

BHARAT 22 ETF.

Riskometer #

*Investors should consult their financial advisers if in doubt about whether the product is

suitable for them

Benchmark of the Scheme S&P BSE Bharat 22 TRI

Benchmark Riskometer as

on March 31, 2022

Continuous offer for units at NAV based prices.

Face Value of units of ICICI Prudential BHARAT 22 FOF is Rs. 10/- per unit

#It may be noted that risk-o-meter specified above for the Scheme is based on the

scheme’s monthly portfolio as on March 31, 2022. For latest riskometer, investors may refer

to the Monthly Portfolios disclosed on the website of the Mutual Fund. The same shall be

updated in accordance with provisions of SEBI circular dated October 5, 2020 on Product

labelling in mutual fund schemes on ongoing basis.

Name of Mutual Fund

ICICI Prudential Mutual Fund

Name of Asset Management Company

ICICI Prudential Asset Management Company Limited

Corporate Identity Number: U99999DL1993PLC054135

Registered Office:

12th Floor, Narain

Manzil,

23, Barakhamba Road,

New Delhi – 110 001

www.icicipruamc.com

Corporate Office:

One BKC 13th Floor,

Bandra Kurla Complex,

Mumbai - 400051.

Central Service Office:

2nd Floor, Block B-2, Nirlon

Knowledge Park, Western

Express Highway, Goregaon

(East), Mumbai – 400 063

website:www.icicipruamc.com,

email id:

[email protected]


(An open ended fund of funds scheme investing in BHARAT 22 ETF)

http://www.icicipruamc.com/



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Name of Trustee Company

ICICI Prudential Trust Limited

Corporate Identity Number: U74899DL1993PLC054134

Registered Office: 12th Floor, Narain Manzil, 23,

Barakhamba Road, New Delhi – 110 001

The particulars of ICICI Prudential BHARAT 22 FOF (the Scheme) has been prepared in

accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations

1996, (herein after referred to as SEBI (MF) Regulations) as amended till date, and filed with

SEBI, along with a Due Diligence Certificate from the AMC. The units being offered for

public subscription have not been approved or recommended by SEBI nor has SEBI

certified the accuracy or adequacy of the Scheme Information Document.

The Scheme Information Document sets forth concisely the information about the scheme

that a prospective investor ought to know before investing. Before investing, investors

should also ascertain about any further changes to this Scheme Information Document after

the date of this Document from the Mutual Fund / Investor Service Centres / Website /

Distributors or Brokers. Before investing, investors should also ascertain about any further

changes pertaining to the Scheme such as features, load structure, etc. made to this

Scheme Information Document by issue of addenda / notice after the date of this Document

from the AMC / Mutual Fund / Investor Service Centres / Website / Distributors or Brokers.

The investors are advised to refer to the Statement of Additional Information (SAI) for

details of ICICI Prudential Mutual Fund, Tax and Legal issues and general information on

www.icicipruamc.com

SAI is incorporated by reference (is legally a part of the Scheme Information Document). For

a free copy of the current SAI, please contact your nearest Investor Service Centre or log on

to our website.

The Scheme Information Document should be read in conjunction with the SAI and not in

isolation.

This Scheme Information Document is dated April 27, 2022.



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TABLE OF CONTENTS

HIGHLIGHTS/SUMMARY OF THE SCHEME ................................................................................. 6

I. INTRODUCTION......................................................................................................................... 10

A. RISK FACTORS ...................................................................................................................... 10

B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME .............................................. 18

C. SPECIAL CONSIDERATIONS, IF ANY ..................................................................................... 18

D. DEFINITIONS – ......................................................................................................................... 20

E. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY.............................................. 24

II. INFORMATION ABOUT THE SCHEME.................................................................................. 25

A. TYPE OF THE SCHEME ........................................................................................................... 25

B. WHAT IS THE INVESTMENT OBJECTIVE OF THE SCHEME? .............................................. 25

C.HOW WILL THE SCHEME ALLOCATE ITS ASSETS? ............................................................. 25

D.WHERE WILL THE SCHEME INVEST? .................................................................................... 26

E. WHAT ARE THE INVESTMENT STRATEGIES? ..................................................................... 27

F: FUNDAMENTAL ATTRIBUTES ................................................................................................ 30

G. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE? ........................................... 31

H. WHO MANAGES THE SCHEME? ............................................................................................ 31

I. WHAT ARE THE INVESTMENT RESTRICTIONS? ................................................................... 34

J. HOW HAS THE SCHEME PERFORMED? ................................................................................ 36

K. ADDITIONAL DISCLOSURES .................................................................................................. 37

L. COMPARISON BETWEEN THE SCHEMES ............................................................................. 38

III. UNITS AND OFFER…………………………………...……………………………...................... 49

A. NEW FUND OFFER DETAILS .................................................................................................. 49

B. ONGOING OFFER DETAILS ..................................................................................................... 49

C. PERIODIC DISCLOSURES ........................................................................................................ 79

D. COMPUTATION OF NAV...………………………………………………………….....................83

IV. FEES AND EXPENSES ............................................................................................................ 84

A. NEW FUND OFFER (NFO) EXPENSES .................................................................................... 84

B. ANNUAL SCHEME RECURRING EXPENSES ......................................................................... 84

C. LOAD STRUCTURE .................................................................................................................. 87

D. WAIVER OF LOAD FOR DIRECT APPLICATIONS .................................................................. 88

V. RIGHTS OF UNITHOLDERS ..................................................................................................... 88

VI. PENALTIES, PENDING LITIGATION OR PROCEEDINGS, FINDINGS OF INSPECTIONS OR

INVESTIGATIONS FOR WHICH ACTION MAY HAVE BEEN TAKEN OR IS IN THE PROCESS

OF BEING TAKEN BY ANY REGULATORY AUTHORITY ........................................................... 88



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ABBREVIATIONS

Abbreviations Particulars

AMC ICICI Prudential Asset Management Company Limited

AMFI Association of Mutual Funds in India

AML Anti Money Laundering

ARN AMFI Registration Number (Broker Code or Distributor Code)

CAMS Computer Age Management Services Limited

CDSL Central Depository Services (India) Limited

DP Depository Participant

FPI Foreign Portfolio Investor

ICICI Bank ICICI Bank Limited

IMA Investment Management Agreement

NAV Net Asset Value

NRI Non-Resident Indian

RBI Reserve Bank of India

SID Scheme Information Document

SEBI or the Board Securities and Exchange Board of India

The Fund or The Mutual Fund ICICI Prudential Mutual Fund

The Trustee/ Trustees ICICI Prudential Trust Limited

The Regulations

Securities and Exchange Board of India (Mutual Funds)

Regulations, 1996, as amended from time to time.

The Scheme ICICI Prudential BHARAT 22 FOF

The Seller THE PRESIDENT OF INDIA, acting through and represented

by Department of Investment and Public Asset Management,

Ministry of Finance, Government of India

TREPs Tri-Party Repos

TRI Total Return Variant of the Index

Underlying Scheme BHARAT 22 ETF

Underlying Index S&P BSE Bharat 22 Index

IDCW Income Distribution cum capital withdrawal option (earlier

known as Dividend option)

IDCW Payout Payout of Income Distribution cum capital withdrawal option

(earlier known as Dividend option - Dividend payout sub-

option)

IDCW Reinvestment Reinvestment of Income Distribution cum capital withdrawal

Option

(earlier known as Dividend option - Dividend reinvestment

sub-option)

IDCW Transfer Transfer of Income Distribution cum capital withdrawal plan

(earlier known as Dividend Transfer plan)

IDCW Policy Policy for declaration of Income Distribution cum capital

withdrawal

INTERPRETATION

For all purposes of this SID, except as otherwise expressly provided or unless the context

otherwise requires:

The terms defined in this SID include the plural as well as the singular.

Pronouns having a masculine or feminine gender shall be deemed to include the other.

All references to “US$” refer to United States Dollars and “Rs./INR/ `” refer to Indian

Rupees. A “Crore” means “ten million” and a “Lakh” means a “hundred thousand”.



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Words not defined here has the same meaning as defined in “ The Regulations”



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HIGHLIGHTS/SUMMARY OF THE SCHEME

Name of the Scheme ICICI Prudential BHARAT 22 FOF

Type of the Scheme An open ended fund of funds scheme investing in BHARAT 22

ETF.

Investment Objective ICICI Prudential BHARAT 22 FOF (the Scheme) is a fund of funds

scheme with the primary objective to generate returns by

investing in units of BHARAT 22 ETF.

However, there can be no assurance or guarantee that the

investment objective of the Scheme would be achieved.

Category of Scheme Other Schemes (FOF)

Liquidity Being an open-ended Scheme, units may be redeemed on every

business day at NAV based prices. As per the regulations, the

Fund shall dispatch redemption proceeds within 10 working days

of receiving the redemption request.

Investors who hold units in any of the open-ended schemes of

ICICI Prudential Mutual Fund (the Fund) may switch all or part of

their holdings to the Scheme on an ongoing basis.

Benchmark

The Scheme’s performance is benchmarked against S&P BSE

Bharat 22 TRI.

The Trustee reserves right to change the benchmark for

performance of the scheme by suitable notification to the

investors to this effect.

Transparency / NAV

Disclosure

The NAV will be calculated and disclosed at the close of every

Business Day. NAV will be determined on every Business Day

except in special circumstances. NAV of the scheme shall be:

Prominently disclosed by the AMC under a separate head on

the AMC’s website (www.icicipruamc.com) by 10.00 a.m. of the

following business day,

On the website of Association of Mutual Funds in India - AMFI

(www.amfiindia.com) by 10.00 a.m. of the following business day,

and

Shall be made available at all Customer Service Centres of the

AMC.

In case of any delay, the reasons for such delay would be

explained to AMFI and SEBI by the next day. If the NAVs are not

available before commencement of business hours on the

following day due to any reason, the Fund shall issue a press

release providing reasons and explaining when the Fund would

be able to publish the NAVs.

The AMC shall disclose portfolio of the scheme (along with ISIN)

as on the last day of the month / half-year within 10 days from the

close of each month / half-year respectively on website of:

AMC i.e. www.icicipruamc.com

9

17(a)

http://www.amfiindia.com/




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AMFI i.e. www.amfiindia.com.

The AMC shall send via email both the monthly and half-yearly

statement of scheme portfolio within 10 days from the close of

each month / half-year respectively. Mutual Funds/ AMCs shall

send the details of the scheme portfolio while communicating the

monthly and half-yearly statement of scheme portfolio via email or

any other mode as may be communicated by SEBI/AMFI from

time to time. The AMC shall provide a feature wherein a link is

provided to the investors to their registered email address to

enable the investor to directly view/download only the portfolio of

schemes subscribed by the said investor. The monthly and half

yearly portfolio disclosure shall also include the scheme risk-o-

meter, name of benchmark and risk-o-meter of benchmark.

The AMC shall publish an advertisement in all India edition of at

least two daily newspapers, one each in English and Hindi, every

half year disclosing the hosting of the half-yearly statement of the

scheme’s portfolio on the AMC’s website and on the website of

AMFI.

The unitholders whose e-mail addresses are not registered with

the Fund are requested to update / provide their email address to

the Fund for updating the database. The AMC shall provide a

physical copy of the statement of scheme portfolio, without

charging any cost, on specific request received from a unit holder.

Loads Entry Load: Not Applicable.

In terms of circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June

30, 2009, SEBI has notified that, w.e.f. August 01, 2009 there will

be no entry load charged to the schemes of the Mutual Fund.

Exit Load: Nil

However, the Trustee shall have a right to prescribe or modify the

load structure with prospective effect subject to a maximum

prescribed under the Regulations.

For more information on Loads, please refer to the section ‘Load

Structure’.

Minimum amount for

application /

subscription

Rs. 5000/- and in multiples of Re. 1/-

Minimum application amount for switch ins – Rs. 5,000 and any

amount thereafter

Minimum additional

application amount


Minimum additional application amount for switch ins – Rs. 1,000

and any amount thereafter

Minimum amount for

redemption

Any Amount

Underlying Scheme BHARAT 22 ETF

Fund Manager(s) of the

Scheme

Mr. Kayzad Eghlim and Mr. Nishit Patel.

Plans / Options Plans:

ICICI Prudential BHARAT 22 FOF; and

ICICI Prudential BHARAT 22 FOF – Direct Plan

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Options:

Growth Option

However, the Trustees reserve the right to introduce / alter /

extinguish any of the option under the Scheme at a later date. For

any change in plans/options offered under the Scheme, the AMC

shall publish a notice cum addendum for the information of the

investors.

Default Plan would be as follows in below mentioned scenarios:

Sr

No.

ARN Code

mentioned

/ not

mentioned

by the

investor

Plan mentioned

by the investor

Default Plan

1 Not

mentioned

Not mentioned ICICI Prudential BHARAT

22 FOF – Direct Plan

2 Not

mentioned

ICICI Prudential

BHARAT 22 FOF

– Direct Plan

ICICI Prudential BHARAT


3 Not

mentioned

ICICI Prudential

BHARAT 22 FOF



4 Mentioned ICICI Prudential

BHARAT 22 FOF

– Direct Plan



5 Direct Not mentioned ICICI Prudential BHARAT


6 Direct ICICI Prudential

BHARAT 22 FOF




BHARAT 22 FOF


22 FOF

8 Mentioned Not mentioned ICICI Prudential BHARAT

22 FOF

In cases of wrong/ invalid/ incomplete ARN codes mentioned on

the application form, the application shall be processed under

ICICI Prudential BHARAT 22 FOF. The AMC shall contact and

obtain the correct ARN code within 30 calendar days of the receipt

of the application form from the investor/ distributor. In case, the

correct code is not received within 30 calendar days, the AMC

shall reprocess the transaction under ICICI Prudential BHARAT 22

FOF - Direct Plan from the date of application without any exit

load.

The Trustees may at their discretion add one or more additional

options under the Scheme. The Trustees reserve the right to

introduce any other option(s)/sub-option(s) under the Scheme at a

later date, by providing a notice to the investors on the AMC’s



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website and by issuing a press release, prior to introduction of

such option(s)/ sub-option(s).

The Plans and Options stated above will have common portfolio.

ICICI Prudential BHARAT 22 FOF - Direct Plan is only for investors

who purchase /subscribe units in a Scheme directly with the Fund.

SIP Daily, Weekly, Fortnightly,Monthly SIP:


Minimum installments – 6

Quarterly SIP:


Minimum Installments – 4

Please refer to the section ‘UNITS AND OFFER’ for more details.

Systematic Withdrawal

Plan (SWP)

Available.

Please refer to the section ‘UNITS AND OFFER’ for more details.

/Flex STP / Booster STP

/Booster SIP

Available

Listing The Units of the Scheme will not be listed on any stock exchange.



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I. INTRODUCTION

A. RISK FACTORS

Standard Risk Factors:

Investment in Mutual Fund Units involves investment risks such as trading volumes,

settlement risk, liquidity risk, default risk including the possible loss of principal.

As the price/value/interest rates of the securities in which the scheme invests fluctuates,

the value of your investment in the scheme may go up or down.

Past performance of the Sponsor/AMC/Mutual Fund does not guarantee future

performance of the scheme.

The name of the Scheme is ICICI Prudential BHARAT 22 FOF and do not in any manner

indicate either the quality of the Scheme or their future prospects and returns.

The Sponsors are not responsible or liable for any loss resulting from the operation of

the Scheme beyond the initial contribution of Rs. 22.2 lakhs made by them towards

setting up the Fund and such other accretions and additions to the corpus set up by

sponsors.

The present scheme is not a guaranteed or assured return scheme.

The NAVs of the Scheme may be affected by changes in the general market conditions,

factors and forces affecting market in particular, level of interest rates, various market

related factors and trading volumes, settlement periods and transfer procedures. As with

any securities investment, the NAV of the Units issued under the Scheme can go up or

down depending on the factors and forces affecting the markets.

In the event of receipt of inordinately large number of redemption requests or of a

restructuring of any of the Scheme’s portfolio, there may be delays in the redemption of

Units.

Investors in the Scheme are not being offered any guaranteed/indicated returns.

The past performance of the mutual funds managed by the Sponsors and their

associates is not indicative of the future performance of the Scheme.

Mutual Funds being vehicles of securities investments are subject to market and other

risks and there can be no guarantee against loss resulting from investing in the Scheme.

The various factors which impact the value of the Scheme investments include but are

not limited to fluctuations in the equity and bond markets, fluctuations in interest rates,

prevailing political and economic environment, changes in government policy, factors

specific to the issuer of securities, tax laws, liquidity of the underlying instruments,

settlements periods, trading volumes etc.

As the liquidity of the Scheme’s investments could at times, be restricted by trading

volumes and settlement periods, the time taken by the Fund for redemption of units may

be significant in the event of an inordinately large number of redemption requests or of a

restructuring of the Scheme’s portfolio. In view of this, the Trustee has the right, at their

sole discretion to limit redemptions (including suspending redemption) under certain

circumstances, as described under the section titled “Right to limit

Repurchases/Redemptions”.

Scheme Specific Risk Factors

Investors may please note that they will be bearing the recurring expenses of the relevant

Fund of Funds Scheme in addition to the expenses of the underlying schemes in which the

Fund of Funds Scheme makes investment.

As the investors are incurring expenditure at both the Fund of Funds level and the

scheme into which the Fund of Funds invests, the returns that they may obtain may be

2



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materially impacted or may at times be lower than the returns that investors directly

investing in such schemes obtain.

While it would be the endeavour of the Fund Manager of the Fund of Funds scheme to

invest in the underlying scheme in a manner, which will seek to maximize returns, the

performance of the underlying Scheme may vary which may lead to the returns of the

Fund of Funds Scheme being adversely impacted.

The scheme specific risk factors of the underlying scheme becomes applicable where a

Fund of Funds invests in any underlying scheme. Investors who intend to invest in Fund

of Funds are required to and are deemed to have read and understood the risk factors of

the underlying scheme relevant to the Fund of Funds scheme that they invest in. Copy of

the Scheme Information Document pertaining to the underlying scheme of ICICI

Prudential Mutual Fund, which disclose the relevant risk factors, are available at the

Customer Service Centers or may be accessed at www.icicipruamc.com.

A Fund Manager managing any one of the Fund of Funds scheme may also be the Fund

Manager for the underlying scheme.

The Fund of Funds Scheme as well as the underlying scheme having exposure to the

fixed income securities and/ or equity and equity related securities will be subject to the

following risks and in turn the Scheme’s / Plan’s performance will be affected

accordingly.

1. Market Risk

The Scheme’s NAV will react to the stock market movements. The Investor could lose

money over short periods due to fluctuation in the Scheme’s NAV in response to factors

such as economic and political developments, changes in interest rates and perceived

trends in stock prices market movements, and over longer periods during market

downturns.

2. Passive Investments

The Scheme is not actively managed. The underlying Scheme may be affected by a general

decline in the Indian markets relating to its Underlying Index. The underlying Scheme

invests in the securities included in its Underlying Index regardless of their investment merit.

The AMC does not attempt to individually select stocks or to take defensive positions in

declining markets.

3. Portfolio Concentration Risk

To the extent that the underlying Scheme may concentrate its investments in the Securities

of companies of certain sectors, the underlying Scheme will therefore be subject to the risks

associated with such concentration. In addition, to the extent the underlying Scheme may

invest in small capitalization and/or newly-established companies, the underlying Scheme

may be exposed to higher levels of volatility and risk than would generally be the case in a

more diverse fund portfolio of equity Securities. Such risks may impact the underlying

Scheme to the extent that it invests in particular sectors even in cases where the investment

objective is more generic.

4. Risk associated with Investing in money market instruments

• Interest Rate risk: This risk is associated with movements in interest rate, which depend

on various factors such as government borrowing, inflation, economic performance etc.

The values of investments will appreciate/depreciate if the interest rates fall/rise.



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• Credit risk: This risk arises due to any uncertainty in counterparty's ability or willingness

to meet its contractual obligations. This risk pertains to the risk of default of payment of

principal and interest

• Liquidity risk: The liquidity of a security may change depending on market conditions

leading to changes in the liquidity premium linked to the price of the security. At the time

of selling the security, the security can become illiquid leading to loss in the value of the

portfolio

The Scheme may also invest in units of liquid schemes of domestic mutual funds including

that of ICICI Prudential Mutual Fund which may have objective to invest in debt and money

market instruments and are subject to similar risks as stated above.

5. Risks associated with investing in Tri Party Repo through CCIL (TREPS):

The mutual fund is a member of securities segment and Tri-party Repo trade settlement of

the Clearing Corporation of India (CCIL). All transactions of the mutual fund in government

securities and in Tri-party Repo trades are settled centrally through the infrastructure and

settlement systems provided by CCIL; thus reducing the settlement and counterparty risks

considerably for transactions in the said segments.

CCIL maintains prefunded resources in all the clearing segments to cover potential losses

arising from the default member. In the event of a clearing member failing to honour his

settlement obligations, the default Fund is utilized to complete the settlement. The sequence

in which the above resources are used is known as the “Default Waterfall”.

As per the waterfall mechanism, after the defaulter’s margins and the defaulter’s

contribution to the default fund have been appropriated, CCIL’s contribution is used to meet

the losses. Post utilization of CCIL’s contribution if there is a residual loss, it is appropriated

from the default fund contributions of the non-defaulting members.

Thus the scheme is subject to risk of the initial margin and default fund contribution being

invoked in the event of failure of any settlement obligations. In addition, the fund

contribution is allowed to be used to meet the residual loss in case of default by the other

clearing member (the defaulting member).

However, it may be noted that a member shall have the right to submit resignation from the

membership of the Security segment if it has taken a loss through replenishment of its

contribution to the default fund for the segments and a loss threshold as notified have been

reached. The maximum contribution of a member towards replenishment of its contribution

to the default fund in the 7 days (30 days in case of securities segment) period immediately

after the afore-mentioned loss threshold having been reached shall not exceed 5 times of its

contribution to the Default Fund based on the last re-computation of the Default Fund or

specified amount, whichever is lower.

Further, it may be noted that, CCIL periodically prescribes a list of securities eligible for

contributions as collateral by members. Presently, all Central Government securities and

Treasury bills are accepted as collateral by CCIL. The risk factors may undergo change in

case the CCIL notifies securities other than Government of India securities as eligible for

contribution as collateral.

6. Risks associated with ADR / GDR / Foreign Securities

The scheme will not have any exposure to ADR / GDR / Foreign Securities.



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7. Risks associated with Securitized Debt

The scheme will not have any exposure to Securitized debt.

8. Risks associated with Short Selling and Securities Lending

The scheme does not intend to short sell the securities and will not engage in Securities

lending.

9. RISK FACTORS ASSOCIATED WITH UNDERLYING SCHEME (BHARAT 22 ETF):

9.1. Market Trading Risks

The Scheme’s NAV will react to the stock market movements. The Investors could lose

money over short periods due to fluctuation in the Scheme’s NAV in response to factors

such as economic and political developments, changes in interest rates and perceived

trends in stock prices and market movements, and over longer periods during market

downturns.

Absence of Prior Active Market: Although units of the underlying Scheme are to be

listed on the Exchange, there can be no assurance that an active secondary market will

develop or be maintained.

Lack of Market Liquidity: Trading in units of the underlying Scheme on the Exchange

may be halted because of market conditions or for reasons that in the view of the Market

Authorities or SEBI, trading in units is not advisable. In addition, trading in units of the

underlying Scheme is subject to trading halts caused by extraordinary market volatility

and pursuant to Exchange and SEBI ‘‘circuit filter’’ rules. There can be no assurance that

the requirements of the Market necessary to maintain the listing of units of the

underlying Scheme will continue to be met or will remain unchanged.

Units of the underlying Scheme may trade at Prices Other than NAV: Units of the

underlying Scheme may trade above or below its NAV. The NAV will fluctuate with

changes in the market value of underlying Scheme’s holdings. The trading prices of the

underlying Scheme will fluctuate in accordance with changes in their NAVs as well as

market supply and demand of units of the underlying Scheme. However, given that units

of the underlying scheme can be created and redeemed only in Creation Units directly

with the fund, it is expected that discounts or premiums to the NAVs will not sustain due

to arbitrage possibility available.

Regulatory Risk: Any changes in trading regulations by the Stock Exchange/s or SEBI

may affect the ability of market maker to arbitrage resulting into wider premium/

discount to NAV.

Settlement Risk: In certain cases, settlement periods may be extended significantly by

unforeseen circumstances. The inability of the underlying Scheme to make intended

securities purchases due to settlement problems could cause the underlying Scheme to

miss certain investment opportunities as in certain cases, settlement periods may be

extended significantly by unforeseen circumstances. Similarly, the inability to sell

securities held in the underlying Scheme portfolio may result, at times, in potential

losses to the underlying Scheme, and there can be a subsequent decline in the value of

the securities held in the underlying Scheme’s portfolio.

Right to Limit Redemptions: The Trustee, in the general interest of the Unit holders of

the Scheme offered in this Document and keeping in view the unforeseen circumstances

/ unusual market conditions, may limit the total number of Units which can be redeemed

on any Business Day.

9.2. Tracking Error Risk of Underlying scheme (BHARAT 22 ETF)



14

The AMC would monitor the tracking error of the underlying scheme on an ongoing basis

and would seek to minimize tracking error to the maximum extent possible. Under normal

circumstances, the AMC will endeavour that the tracking error of the underlying Scheme

does not exceed 2% per annum. However, this may vary due to various reasons mentioned

below or any other reasons that may arise and particularly when the markets are very

volatile.

Factors such as the fees and expenses of the underlying Scheme, corporate actions, cash

balance, changes to the Underlying Scheme and regulatory policies may affect the AMC’s

ability to achieve close correlation with the Underlying Index of the Scheme. The underlying

scheme’s returns may therefore deviate from those of their Underlying Index. “Tracking

Error” is defined as the standard deviation of the difference between daily returns of the

underlying Index and the NAV of the underlying Scheme. Tracking Error may arise due to

the following reasons: -

Expenditure incurred by the Underlying Scheme.

Any delay experienced in the purchase or sale of shares due to illiquidity of the market,

settlement and realization of sale proceeds and the registration of any securities

transferred and any delays in receiving cash and IDCW and resulting delays in

reinvesting them.

Securities trading may halt temporarily due to circuit filters.

The underlying index reflects the prices of securities at close of business hours.

However, the Fund may buy or sell the securities at different points of time during the

trading session at the then prevailing prices which may not correspond to the closing

prices on the exchange.

Index service provider undertakes the periodical review of the stocks that comprise the

underlying index and may either drop or include new securities, in consulation with the

DIPAM. In such an event, the Fund will endeavour to reallocate its portfolio but the

available investment/ disinvestment opportunities may not permit precise mirroring of

the Index immediately.

The potential for trades to fail which may result in the underlying scheme not having

acquired shares at a price necessary to track the underlying index.

The holding of a cash position (0-5% of the Net Assets to meet the redemptions and

other liquidity requirements) and accrued income prior to distribution and accrued

expenses.

Disinvestments to meet redemptions, recurring expenses, IDCW payouts etc.

The underlying scheme would endeavor to maintain a low tracking error by actively aligning

the portfolio in line with the index.

9.3. Risk relating to loyalty units

The AMC, in consultation with the Seller, reserves the right to offer Loyalty Units to the

investors of BHARAT 22 ETF (underlying scheme). Loyalty units are units allotted to eligible

investors of underlying scheme for continuously holding units from the Allotment Date to

the Loyalty Unit Record Date in accordance with the criteria set out in the SID of underlying

scheme. If the underlying scheme does not receive the underlying securities from the Seller

for any reason whatsoever, the underlying scheme will not allot Loyalty Units to the Unit

holders. Further, the underlying scheme will allot only whole Units to eligible Investors, and

any fractional units which the unit holder may be eligible to would be paid by way of cash to

the unit holders based on the applicable NAV as on the Loyalty Unit Record Date. In the

event of delay in receipt of the underlying shares for the Loyalty Units from the Seller or any



15

decline in market value of such underlying shares on the date of sale of such underlying

shares by the Scheme may result in dilutive effect to all Unit holders.

9.4. Risk relating to underlying securities

Since the underlying companies in underlying Scheme are substantially owned by the

Seller, the agenda of the Seller may at times be focused on the social good and therefore

may not always be aimed at profit maximization for the Unit holder. The interests of the

Seller may be different from the interests of Unit holders and as a result, the Seller may take

actions that may not be in the best interests of Unit holders. There can be no assurance that

such incidents would not result in a fall in price of the underlying securities constituting the

underlying Index and correspondingly the NAV of the underlying Scheme.

9.5. Risks associated with Securities Lending and Borrowing by the Underlying scheme:

The underlying Scheme may engage in Securities Lending activity.

Securities lending is lending of securities through an approved intermediary to a borrower

under an agreement for a specified period with the condition that the borrower will return

equivalent securities of the same type or class at the end of the specified period along with

the corporate benefits accruing on the securities borrowed.

Subject to the Regulations and the applicable guidelines, the underlying Scheme may; if the

Trustee permits, engage in stock lending. The securities lent will be returned by the

borrower on expiry of the stipulated period. The underlying Scheme shall not have

exposure of more than 20% of its net assets in stock lending. The AMC shall report to the

Trustee on a quarterly basis as to the level of lending in terms of value, volume and the

names of the intermediaries and the earnings/losses arising out of the transactions, the

value of collateral security offered etc. The Trustees shall offer their comments on the above

aspect in the report filed with SEBI under sub-regulation 23(a) of Regulation 18.

The risks in lending portfolio securities, as with other extensions of credit, consist of the

failure of another party, in this case the approved intermediary, to comply with the terms of

agreement entered into between the lender of securities i.e. the underlying Scheme and the

approved intermediary. Such failure to comply can result in the possible loss of rights in the

collateral put up by the borrower of the securities, the inability of the approved intermediary

to return the securities deposited by the lender and the possible loss of any corporate

benefits accruing to the lender from the securities deposited with the approved

intermediary.

9.6. Risks relating to the discount (if any) on the Reference Market Price

Investors should note that the Reference Market Price for each of the constituents of the

underlying Index of underlying scheme would be determined based on the full day volume

weighted average price (VWAP) of the constituents of the underlying Index on the BSE

during the Additional Offering Period or the Allotment Date, as the case may be. This price

could be different from the closing market price for each of the constituents of the

underlying Index as on the last day of the Additional Offering Period or the Allotment Date,

as the case may be. Since the AMC would be applying the discount offered by the Seller to

the Scheme on the Reference Market Price, the discounted price for each of the constituents

may or may not be lower than the closing market price for each of the constituents as on the

last day of the Additional Offering Period or the Allotment Date, as the case may be.

9.7. Risks associated with investing in Derivatives by the underlying scheme:



16

Derivative products are leveraged instruments and can provide disproportionate gains as

well as disproportionate losses to the investor. Execution of such strategies depends upon

the ability of the fund manager to identify such opportunities. Identification and execution of

the strategies to be pursued by the fund manager involve uncertainty and decision of the

fund manager may not always be profitable. No assurance can be given that the fund

manager will be able to identify or execute such strategies.

Derivative products are specialized instruments that require investment techniques and risk

analysis different from those associated with stocks. The use of a derivative requires an

understanding not only of the underlying instrument but of the derivative itself. Derivatives

require the maintenance of adequate controls to monitor the transactions entered into, the

ability to assess the risk that a derivative adds to the portfolio and the ability to forecast

price or interest rate movements correctly. There is a possibility that a loss may be

sustained by the portfolio as a result of the failure of another party (usually referred to as the

“counterparty”) to comply with the terms of the derivatives contract. Other risks in using

derivatives include the risk of mis-pricing or improper valuation of derivatives and the

inability of derivatives to correlate perfectly with underlying assets, rates and indices,

illiquidity risk whereby the Scheme may not be able to sell or purchase derivative quickly

enough at a fair price. The risks associated with the use of derivatives are different from or

possibly greater than, the risks associated with investing directly in securities and other

traditional investments.

The various factors which impact the value of the Scheme investments include but are not

limited to fluctuations in the equity and bond markets, fluctuations in interest rates,

prevailing political and economic environment, changes in government policy, factors

specific to the issuer of securities, tax laws, liquidity of the units of the underlying Scheme,

settlements periods, trading volumes etc.

For more information on the underlying Scheme and risks factors thereof, investors are

requested to refer to the Scheme Information Document of the Underlying Scheme. The

Scheme Information Document of the underlying scheme is available at the Customer

Service Centers and is also available on the website of the AMC i.e.www.icicipruamc.com.

RISK MANAGEMENT STRATEGIES

The Fund of Funds schemes having exposure to the fixed income securities and/ or equity

and equity related securities may be subject to the following risks and in turn the Scheme’s/

Plans’ performance will be affected accordingly.

Risk and Description Risk mitigants / management strategy

Risks associated with Equity investment

Market Risk

The Scheme is vulnerable to movements in the

prices of securities invested by the Scheme,

which could have a material bearing on the

overall returns from the Scheme. The value of

the underlying Scheme investments, may be

affected generally by factors affecting

securities markets, such as price and volume,

volatility in the capital markets, interest rates,

currency exchange rates, changes in policies

of the Government, taxation laws or any other

appropriate authority policies and other

Market risk is inherent to an equity

scheme. Being a passively managed

scheme, it will invest in the underlying

scheme.



17

Risk and Description Risk mitigants / management strategy

Risks associated with Equity investment

political and economic developments which

may have an adverse bearing on individual

securities, a specific sector or all sectors

including equity and debt markets.

Liquidity risk

The liquidity of the Scheme’s investments is

inherently restricted by trading volumes in the

securities in which they invests.

As such the liquidity of securities that

the scheme invests into could be

relatively low. The fund will try to

maintain a proper asset-liability match

to ensure redemption payments are

made on time.

Derivatives Risk

As and when the Scheme trades in the

derivatives market there are risk factors and

issues concerning the use of derivatives since

derivative products are specialized instruments

that require investment techniques and risk

analyses different from those associated with

stocks and bonds.

The underlying scheme may invest in

derivative for the purpose of hedging,

portfolio balancing and other purposes

as may be permitted under the

Regulations. Derivatives will be used in

the form of Index Options, Index

Futures, Stock Options and Stock

Futures and other instruments as may

be permitted by SEBI. All derivatives

trade will be done only on the

exchange with guaranteed settlement.

Exposure with respect to derivatives

shall be in line with regulatory limits

and the limits specified in the SID. No

OTC contracts will be entered into.

Risks associated with Debt investment

Market Risk/ Interest Rate Risk

As with all debt securities, changes in interest

rates may affect the Scheme’s Net Asset

Value as the prices of securities generally

increase as interest rates decline and

generally decrease as interest rates rise.

Prices of long-term securities generally

fluctuate more in response to interest rate

changes than do short-term securities. Indian

debt markets can be volatile leading to the

possibility of price movements up or down in

fixed income securities and thereby to

possible movements in the NAV.

The Scheme may invest only in

money market instruments having a

residual maturity upto 91 days

thereby mitigating the price volatility

due to interest rate changes generally

associated with long-term securities.

Liquidity or Marketability Risk

This refers to the ease with which a security

can be sold at or near to its valuation yield-to-

maturity (YTM).

The Scheme may invest only in units

of liquid schemes, money market

instruments, TREPSs, cash and cash

equivalents. The liquidity risk for

these instruments is generally low.

Credit Risk

Credit risk or default risk refers to the risk that

an issuer of a fixed income security may

default (i.e., will be unable to make timely

principal and interest payments on the

security).

Management analysis will be used for

identifying company specific risks.

Management’s past track record will

also be studied. In order to assess

financial risk a detailed assessment of

the issuer’s financial statements will



18

be undertaken.

B. REQUIREMENT OF MINIMUM INVESTORS IN THE SCHEME

The Scheme shall have a minimum of 20 investors and no single investor shall account for

more than 25% of the corpus of the Scheme. In case the Scheme does not have a minimum

of 20 investors in the stipulated period, the provisions of Regulation 39(2)(c) of the SEBI (MF)

Regulations would become applicable automatically without any reference from SEBI and

accordingly the Scheme shall be wound up and the units would be redeemed at applicable

NAV. The two conditions mentioned above shall also be complied within each subsequent

calendar quarter thereafter, on an average basis, as specified by SEBI. If there is a breach of

the 25% limit by any investor over the quarter, a rebalancing period of one month would be

allowed and thereafter the investor who is in breach of the rule shall be given 15 days notice

to redeem his exposure over the 25 % limit. Failure on the part of the said investor to

redeem his exposure over the 25 % limit within the aforesaid 15 days would lead to

automatic redemption by the Mutual Fund on the applicable Net Asset Value on the 15th day

of the notice period. The Fund shall adhere to the requirements prescribed by SEBI from

time to time in this regard.

C. SPECIAL CONSIDERATIONS, if any

Investors in the Scheme are not being offered any guaranteed returns.

Investors are urged to study the terms of the SID carefully before investing in this

Scheme, and to retain this SID for future reference.

The AMC is also engaged in portfolio management services (PMS) since October 2000

under SEBI Registration No. INP000000373. The AMC is also rendering Non-binding

Advisory Services for such categories of SEBI registered foreign portfolio investors

(FPIs) which are listed in SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2019/155 dated

December 16, 2019. The AMC is also providing investment management services to

Alternative Investment Funds registered under SEBI (Alternative Investment Funds)

Regulations, 2012. Further, the AMC shall also provide investment management

services, including dealing services to Offshore Funds from India in accordance with

Regulation 24(b) of SEBI (Mutual Funds) Regulation, 1996. The AMC is also registered

with United States Securities and Exchange Commission as an Investment Adviser

under Investment Adviser Act 1940. The AMC has a common research team. These

activities are not in conflict with the activities of the Mutual Fund. In the situations of

unavoidable conflicts of interest, the AMC undertakes that it shall satisfy itself that

adequate disclosures are made of sources of conflict, potential material risk or damage‘

to investor interest and develop parameters for the same.

The Mutual Fund may disclose details of the investor's account and transactions

thereunder to those intermediaries whose stamp appears on the application form. In

addition, the Mutual Fund may disclose such details to the bankers / its agents, as may

be necessary for the purpose of effecting payments to the investor. Further, the Mutual

Fund may disclose details of the investor's account and transactions thereunder to any

Regulatory/Statutory entities as per the provisions of law.

Investors are advised to consult their Legal /Tax and other Professional Advisors in

regard to tax/legal implications relating to their investments in the Scheme and before

making decision to invest in or redeem the Units

In view of the individual nature of the tax consequences, each investor is advised to

consult his/ her own professional tax advisor to determine possible legal, tax, financial

or other considerations for subscribing and/or redeeming the Units and/or before

making a decision to invest/ redeem Units. The tax information contained in SID/SAI



19

alone may not be sufficient and should not be used for the development or

implementation of an investment strategy or construed as investment advice. Investors

alone shall be fully responsible/ liable for any investment decision taken on the basis of

this document.

Neither the Mutual Fund nor the AMC nor any person connected with it accepts any

liability arising from the use of this information. The Trustee, AMC, Mutual Fund, their

directors or their employees shall not be liable for any of the tax consequences that

may arise, in the event that the Schemes are wound up for the reasons and in the

manner provided in SAI.

Redemption by the Unit holder either due to change in the fundamental attributes of the

Scheme(s) or due to any other reasons may entail tax consequences. The Trustee,

AMC, Mutual Fund, their directors or their employees shall not be liable for any such tax

consequences that may arise.

Investors are advised to rely upon only such information and/or representations as

contained in this SID. Any subscription or redemption made by any person on the basis

of statements or representations which are not contained in this SID or which are

inconsistent with the information contained herein shall be solely at the risk of the

Investor. The Investor is required to confirm the credentials of the individual/firm he/she

is entrusting his/her application form along with payment instructions for any

transaction in the Scheme(s). The Mutual Fund/ Trustee/AMC shall not be responsible

for any acts done by the intermediaries representing or purportedly representing such

Investor.

Mutual funds investments are subject to market risks and the Investors should

review/study this SID, the SAI and the addenda thereto issued from time to time

carefully in its entirety before investing and should not construe the contents hereof or

regard the summaries contained herein as advice relating to legal, taxation or

financial/investment matters. There can be no assurance or guarantee that the Scheme

objectives will be achieved and the investment decisions made by the AMC may not

always be profitable.

The AMC may freeze/lock the folio(s) of investor(s)/Unitholder(s) for

further transactions or reject any applications for subscription or

redemption of units pursuant to receipt of instructions/directions/orders

issued by any Governmental, judicial, quasi-judicial or other similar

authority (Authority), including orders restricting the investor

(s)/Unitholder(s) from dealing in securities or for attachment of units

held by the investor(s)/Unitholder(s).

The Product labeling mandated by SEBI is to provide investors an easy understanding of

the risk involved in the kind of product / scheme they are investing to meet their financial

goals. The Riskometer categorizes various schemes under different levels of risk based

on the investment objective, asset allocation pattern, investment strategy and typical

investment time horizon of investors. Therefore, the schemes falling under the same

level of risk in the Riskometer may not be similar in nature. Investors are advised before

investing to evaluate a Scheme not only on the basis of the Product labeling (including

the Riskometer) but also on other quantitative and qualitative factors such as

performance, portfolio, fund managers, strategy, asset allocation, investment objective

etc. and shall seek appropriate advise, if they are unsure about the suitability of the

Scheme before investing. As per SEBI Guidelines, Riskometers shall be reviewed on a

monthly basis based on evaluation of risk level of Scheme’s month end portfolios.

Notice about changes in Riskometers, if any, shall be issued. Investors may refer to the

website for any change in Riskometers.



20

D. DEFINITIONS –

In this Scheme Information Document, the following words and expressions shall have the

meaning specified herein, unless the context otherwise requires:

Asset Management Company or

AMC or Investment Manager

ICICI Prudential Asset Management Company Ltd. the Asset

Management Company incorporated under the Companies

Act, 1956, and regulated by SEBI to act as an Investment

Manager for the schemes of ICICI Prudential Mutual Fund

Applicable NAV for purchases

and switch-ins during ongoing

offer period

The below cut-off timings and applicability of NAV shall be

applicable in respect of valid applications received at the

Official Point(s) of Acceptance on a Business Day:

For Purchase of any amount:

In respect of valid applications received upto 3.00 p.m.

and where the funds for the entire amount are available

for utilization before the cut-off time i.e. 3.00 p.m. - the

closing NAV of the day shall be applicable.

In respect of valid applications received after 3.00 p.m.

and where the funds for the entire amount are available

for utilization on the same day or before the cut-off time

of the next business day - the closing NAV of the next

Business Day shall be applicable.

Irrespective of the time of receipt of application, where

the funds for the entire amount are available for utilization

before the cut-off time on any subsequent Business Day -

the closing NAV of such subsequent Business Day shall

be applicable.

For Switch-ins of any amount:

In case of switch from one scheme to another scheme

received before cut-off i.e. upto 3 p.m. having business day

for both the schemes, closing NAV of the Business Day shall

be applicable for switch-out scheme and for Switch-in

scheme, the closing NAV of the Business Day shall be

applicable, on which funds are available for utilization in the

switch-in scheme (allocation shall be in line with the

redemption payout).

To clarify, for investments through systematic investment

routes such as Systematic Investment Plans (SIP),

Systematic Transfer Plans (STP), Flex STP, Capital

Appreciation STP, IDCW Transfer, Trigger etc. the units will

be allotted as per the closing NAV of the day on which the

funds are available for utilization by the Target Scheme

irrespective of the installment date of the SIP, STP or record

date of IDCW etc



21

- “Switch Out” shall be treated as redemption application

and accordingly, closing NAV of the day will be applicable

based on the cut-off time for redemption followed for

various type of schemes.

- “Switch In” shall be treated as purchase application and

accordingly for unit allotment, closing NAV of the day will be

applicable on which the funds are available for utilization.

Applicable NAV for redemption

during ongoing offer period

In respect of valid applications received up to cut-off time

(3.00 p.m.) on a business day by the Mutual Fund, same

day’s closing NAV shall be applicable.

In respect of valid applications received after the cut off time

by the Mutual Fund, the closing NAV of the next business

day shall be applicable.

Business Day A day other than (1) Saturday and Sunday or (2) a day on

which the Stock Exchange, Mumbai and National Stock

Exchange are closed whether or not the Banks in Mumbai

are open or (3) a day on which the Banks in Mumbai or RBI

are closed or (4) a day on which there is no Bank clearing/

settlement of securities or (5) a day on which the Sale and

Redemption of Units is suspended by the Trustee/AMC or ()

a day on which the underlying Scheme have a non-business

day.

However, the trustees reserves the right to declare any day

as a business day or otherwise at any of its locations at its

sole-discretion.

Custodian Citibank N.A., SBI-SG Global Securities Services Private

Limited, HDFC Bank Ltd., HSBC Limited and Deutsche Bank

A.G. shall act as Custodians of the Scheme, or any other

custodian who is approved by the Trustee. For details about

the custodian, refer Statement of Additional Information.

The Custodian of the Scheme has been approved by the

Trustees.

Consolidated Account

Statement

Consolidated Account Statement (CAS) is a single/combined

account statement which shows details of all transactions

made by an investor during a month across all mutual funds.

It shows all details pertaining to purchase, redemption,

switch, payout of IDCW, reinvestment of IDCW, systematic

investment plan, systematic withdrawal plan and systematic

transfer plan etc. along with transaction charges incurred, if

any.

Cash Equivalent Cash equivalent shall consist of the following securities

having residual maturity of less than 91 days:

a) Government Securities;

b) T-Bills; and

c) Repo on Government Securities.

Fund of Funds scheme “Fund of funds scheme” means a mutual fund scheme that

invests primarily in underlying schemes of the same mutual

fund or other mutual funds.

Foreign Portfolio Investor “Foreign portfolio investor” means a person who satisfies



22

the eligibility criteria prescribed under regulation 4 of the

Securities and Exchange Board of India (Foreign Portfolio

Investors) Regulations, 2019.

ICICI Bank ICICI Bank Limited

Investment Management

Agreement

The Agreement dated September 3, 1993 entered into

between ICICI Prudential Trust Limited and ICICI Prudential

Asset Management Company Limited as amended from

time to time.

Loyalty Units

(for BHARAT 22 ETF)

Loyalty units are units allotted to eligible investors of the

underlying scheme for continuously holding units from the

Allotment Date to the Loyalty Unit Record Date in

accordance with the criteria set out in the SID of the

underlying scheme.

The AMC, in consultation with the Seller, reserves the right

to offer Loyalty Units to the investors of underlying scheme.

NAV Net Asset Value of the Units of the Plans and Options

therein, calculated on every Business Day in the manner

provided in this Scheme information document or as may be

prescribed by Regulations from time to time.

NRI Non-Resident Indian.

Scheme Information Document This document issued by ICICI Prudential Mutual Fund,

offering Units of ICICI Prudential BHARAT 22 FOF

Person Person means any resident or non-resident natural or

juridical person.

PIOs Persons of Indian Origin.

Prudential Prudential plc (formerly known as Prudential Corporation

plc), of the U.K. and includes, wherever the context so

requires, its wholly owned subsidiary Prudential Corporation

Holdings Limited.

Neither ICICI Prudential Asset Management Company

Limited nor Prudential plc is affiliated with Prudential

Financial Inc., a company whose principal place of business

is in the United States of America or with the Prudential

Assurance Company, a subsidiary of M&G plc, a company

incorporated in the United Kingdom.


/ The Scheme / FOF

ICICI Prudential BHARAT 22 FOF is a “Fund of funds”

scheme that invests primarily in underlying schemes of the

mutual fund(s).

Money Market Instruments Money market instruments which includes commercial

papers, commercial bills, treasury bills, Government

securities having an unexpired maturity up to one year, call

or notice money, certificate of deposit, usance bills, and any

other like instruments as specified by the Reserve Bank of

India from time to time; to meet the liquidity requirements.

RBI Reserve Bank of India, established under the Reserve Bank

of India Act, 1934, as amended from time to time.

Retail investors (For the Purpose

of TER)

In line with SEBI circular SEBI/HO/IMD/DF2/CIR/P/2019/42

dated March 25, 2019, retail investors would mean individual

investors from whom inflows into the Scheme would

amount upto Rs. 2,00,000/- per transaction.

R&TA / R&T Agent / Registrar Computer Age Management Services Ltd.

The Registrar is registered with SEBI under registration No.:

INR000002813. As registrar to the Scheme, CAMS will



23

handle communications with investors, perform data entry

services and dispatch Account Statements. The AMC and

the Trustee have satisfied themselves that the Registrar can

provide the Services required and have adequate facilities

and the system capabilities.

Risk –o –meter Risk-o-meter forms part of the Product labeling and depicts

Risk level of the scheme. The risk-o-meter of the scheme

shall be in accordance with SEBI circular October 5, 2020

and the same shall be evaluated and updated on a monthly

basis.

SEBI

Securities and Exchange Board of India established under

Securities and Exchange Board of India Act, 1992, as

amended from time to time.

Tracking Error

(for BHARAT 22 ETF)

“Tracking Error” is defined as the standard deviation of the

difference between daily returns of the index and the NAV of

the underlying Scheme.

The Fund or Mutual Fund ICICI Prudential Mutual Fund (formerly ICICI Mutual Fund), a

trust set up under the provisions of the Indian Trusts Act,

1882. The Fund is registered with SEBI vide Registration

No.MF/003/93/6 dated October 12, 1993 as ICICI Mutual

Fund and has obtained approval from SEBI for change in

name to ICICI Prudential Mutual Fund vide SEBI’s letter

dated April 16, 1998.

The Trustee ICICI Prudential Trust Limited (formerly ICICI Trust Limited), a

company set up under the Companies Act, 1956, and

approved by SEBI to act as the Trustee for the schemes of

ICICI Prudential Mutual Fund

The Regulations Securities and Exchange Board of India (Mutual Funds)

Regulations, 1996 as amended from time to time.

Trust Deed The Trust Deed dated August 25, 1993 establishing ICICI

Mutual Fund, (subsequently renamed ICICI Prudential Mutual

Fund) as amended from time to time.

Trust Fund Amounts settled/contributed by the Sponsors towards the

corpus of the ICICI Prudential Mutual Fund and

additions/accretions thereto.

Underlying scheme BHARAT 22 ETF

Unit(s) The interest of an investor, which consists of, one undivided

share in the Net Assets of the Scheme.

Unit-holder A holder of Units in the Scheme of ICICI Prudential BHARAT

22 FOF as contained in this Scheme Information Document.



24

E. DUE DILIGENCE BY THE ASSET MANAGEMENT COMPANY

DUE DILIGENCE CERTIFICATE

It is confirmed that:

i) This Scheme Information Document forwarded to SEBI is in accordance with the SEBI

(Mutual Funds) Regulations, 1996 and the guidelines and directives issued by SEBI from

time to time.

ii) all legal requirements connected with the launching of the scheme as also the

guidelines, instructions, etc., issued by the Government and any other competent

authority in this behalf, have been duly complied with.

iii) the disclosures made in the Scheme Information Document are true, fair and adequate

to enable the investors to make a well informed decision regarding investment in the

scheme.

iv) the intermediaries named in the Scheme Information Document and Statement of

Additional Information are registered with SEBI and their registration is valid, as on date.

Place : Mumbai

Date : April 20, 2022

Sd/-

Rakesh Shetty

Compliance Officer

Note: The Due Diligence Certificate dated April 20, 2022 as stated above was submitted to

SEBI.



25

II. INFORMATION ABOUT THE SCHEME

A. TYPE OF THE SCHEME

An Open ended fund of funds scheme investing in BHARAT 22 ETF.

B. WHAT IS THE INVESTMENT OBJECTIVE OF THE SCHEME?

ICICI Prudential BHARAT 22 FOF (the Scheme) is a fund of funds scheme with the primary

objective to generate returns by investing in units of BHARAT 22 ETF.

However, there can be no assurance or guarantee that the investment objectives of the

Scheme would be achieved.

C.HOW WILL THE SCHEME ALLOCATE ITS ASSETS?

Under normal market circumstances, the asset allocation under the Scheme would be as

follows:

Particulars Indicative Allocation

(% of Corpus)

Risk Profile

Units of BHARAT 22 ETF 95% to 100% Medium to High

Units of Liquid schemes, Money Market

Instruments (with maturity not exceeding 91

days), including TREPS, cash & cash

equivalents

0% to 5% Low to Medium

The Margin may be placed in the form of such securities / instruments / deposits as may be

permitted/eligible to be placed as margin from the assets of the Scheme. The securities /

instruments / deposits so placed as margin shall be classified under the applicable category

of assets for the purposes of asset allocation.

The Scheme will not invest in derivatives, securitized debt, ADR, GDR, foreign Securities,

nor will it engage in short selling, securities lending and Repo in corporate debt.

The Cumulative Gross Exposure across Units of BHARAT 22 ETF, Units of Liquid schemes,

Money Market Instruments and such other securities/assets as may be permitted by the

Board from time to time, subject to prior approval from SEBI, if required, should not exceed

100% of the net assets of the scheme.

The portfolio would be rebalanced periodically to address any deviations from the

aforementioned allocations. In the event of any deviation from the asset allocation stated

above, the Fund Manager shall rebalance the portfolio within 30 days from the date of such

deviation. If owing to adverse market conditions or with the view to protect the interest of

the investors, the fund manager is not able to rebalance the asset allocation within the

above mentioned period, the same shall be reported to the Executive Equity Investment

Committee(s). The Executive Equity Investment Committee(s) shall then decide the further

course of action.

Further subject to the asset allocation pattern stated above, the maximum asset allocation to

one scheme of a Mutual Fund may be to the extent of 100% of the investible corpus under

14



26

the Scheme.

It may be noted that no prior intimation/indication would be given to investors when the

composition/asset allocation pattern under the Scheme undergo changes within the

permitted band as indicated above or for short term and defensive considerations with a

view to protect the interest of the unitholders on a temporary basis. The

investors/unitholders can ascertain details of asset allocation of the Scheme as on the last

date of each month on AMC’s website at www.icicipruamc.com that will display the asset

allocation of the Scheme as on the given day.

Change in Investment Pattern

The scheme is passively managed. However, as elsewhere stated in this scheme

information document, the investment pattern and the percentages stated are indicative,

and may change for short duration and defensive considerations with the intention to

protect the interests of the Unit holders. In the event the underlying scheme is wound up or

the underlying index is dissolved / withdrawn by index service provider or is not published

due to any reason whatsoever, the Trustee, in consultation with Seller, reserves the right to

modify the Scheme so as to invest in different schemes or track a different and suitable

index or to suspend tracking the underlying index and appropriate intimation will be sent to

the Unit holders of the Scheme. In such a case, the investment pattern will be modified

suitably and the Scheme will be subject to tracking errors during the intervening period.

Provided further and subject to the above, any change in the asset allocation affecting the

investment profile of the Scheme shall be effected only in accordance with the provisions of

sub regulation (15A) of Regulation 18 of the Regulations, as detailed later in this document.

D. Where will the scheme invest?

Subject to the Regulations and the disclosures as made under the section “How the Scheme

will allocate its Assets”, the corpus of the Scheme can be invested in any (but not

exclusively) of the following:

1) Units of BHARAT 22 ETF.

2) Money market instruments as defined under SEBI (Mutual Funds) Regulations, 1996,

having maturities up to 91 days, or in alternative investment for the call money market.

3) Units of Liquid Schemes, subject to applicable regulations.

4) TREPSs, Cash & Cash Equivalents.

As per the SEBI guidelines, a Fund of funds scheme shall not invest in any other fund of

funds scheme.

The units of the schemes of the Mutual Funds or other securities where the Scheme

proposes to invest could be listed, unlisted, rated or unrated and of any maturity. The units

may be acquired through subscription to the units during the New Fund Offerings (NFOs) of

the schemes or by subscriptions on on-going basis in case of open-ended schemes.

Pending deployment of funds in accordance with the investment pattern of the Scheme, the

Scheme may park funds in short term deposits of Scheduled commercial Banks, subject to

SEBI guidelines.

The Scheme will not invest/ have exposure in the following:

1. Foreign securities / ADRs / GDRs

15

http://www.pruicici.com/



27

2. Derivatives

3. Repos in corporate debt securities

4. Credit Default Swaps transactions

5. Short Selling

6. Securities Lending

7. Securitised Debt

E. WHAT ARE THE INVESTMENT STRATEGIES?

The Scheme would endeavor to provide investment returns linked to BHARAT 22 ETF. The

Scheme intends to achieve its investment objective by investing in BHARAT 22 ETF. The

deviation from the underlying Scheme may occur mainly on account of the receipt of cash

flows which on an average takes 5 days given the existing operational procedure.

The Scheme will invest in BHARAT 22 ETF directly or through secondary market.

The table shows below the impact that could happen on fund performance as a result of

delay in receipt of funds and consequent investments in BHARAT 22 ETF over previous six

months ending on March 31, 2022.

Percentage difference in

NAVs between 'n' days 2 days 3 days 4 days 5 days 6 days 7 days

Minimum -5.8713 -6.415 -5.3829 -5.2462 -3.8441 -6.4252

Maximum 3.0761 3.3656 4.9105 6.8024 5.1018 7.0398

Average -0.0689 0.1655 0.2644 0.2407 0.2625 0.2331

The assumption is that entire corpus is delayed by the number of days tabulated above. But

in reality, since the daily subscription may not be material to the total corpus of the Scheme

the impact would not be material. Moreover subscriptions over periods of time would

normally be expected to iron out the deviations.

Portfolio Turnover

Portfolio turnover is defined as the lower of purchases and sales divided by the average

assets under management of the respective Scheme during a specified period of time.

As the Scheme will follow a passive investment strategy for investments in underlying

Scheme, the endeavor will be to minimize the portfolio turnover subject to exigencies and

needs of the Scheme.

Information about Underlying Scheme:

The scheme objectives and the asset allocation pattern of the underlying scheme are as

follows:

BHARAT 22 ETF

Type of the Scheme:

An open-ended Exchange Traded Fund investing in S&P BSE Bharat 22 Index.

Investment Objective:

The investment objective of the Scheme is to invest in constituents of the underlying Index

in the same proportion as in the underlying Index, and endeavor to provide returns before

expenses, which closely correspond to the total returns of the underlying Index.

7



28

However, the performance of the Scheme may differ from that of underlying index due to

tracking error.

There can be no assurance or guarantee that the investment objective of the Scheme would

be achieved.

Asset Allocation Pattern of BHARAT 22 ETF:

Under normal circumstances, the asset allocation under the Scheme will be as follows:

Instruments Indicative allocations

(% of total assets)

Risk Profile

Maximum Minimum High/Medium/Low

Securities of companies

constituting the underlying

index$

100 95 Medium to High

Units of Liquid/Money Market

Mutual Fund schemes, Money

Market Instruments (with

maturity not exceeding 91

days), including TREPS, cash &

cash equivalents.

5 0 Low to Medium

$ Including derivatives instruments to the extent of 5% of the Net Assets.

* The Scheme can take exposure upto 20% of its net assets in stock lending. Investment in

derivatives shall be made in accordance with the SEBI Circular No. Cir/ IMD/ DF/ 11/ 2010

dated August 18, 2010 and such other guidelines on derivatives as issued by SEBI from time

to time.

The Cumulative Gross Exposure across Equity, Debt, Derivatives and such other

securities/assets as may be permitted by the Board from time to time should not exceed


Position of Equity Market in India

The Indian stock market is one of the world’s largest stock market. There are two leading

stock exchanges in India, i.e. BSE Limited (BSE) and National Stock Exchange of India

Limited (NSE). BSE was established in 1875 and is the oldest stock exchange in Asia. NSE, a

more recent establishment which came into existence in 1992, is the largest and most

advanced stock market in India and is also one of the biggest stock exchanges in Asia in

terms of transactions. NSE's flagship index, NIFTY 50, is used extensively by investors in

India and around the world to take exposure to the Indian equities market.

BSE has a large number of scrips which are listed. The Indian stock market scene really

picked up after the opening up of the economy in the early nineties. NSE changed the way

the Indian markets function, in the early nineties, by replacing floor based trading with

nationwide screen based electronic trading, which took trading to the doorstep of the

investor. NSE was mainly set up to bring in transparency in the markets. Instead of trading

membership being confined to a group of brokers, NSE ensured that anyone who was

qualified, experienced and met minimum financial requirements was allowed to trade. The

price information which could earlier be accessed only by a handful of people could now be

seen by a client in a remote location with the same ease. The paper based settlement was

replaced by electronic depository based accounts and settlement of trades was always done

on time. One of the most critical changes was that a robust risk management system was



29

set in place, so that settlement guarantees could protect investors against broker defaults.

The corporate governance rules were gradually put in place which initiated the process of

bringing the listed companies at a uniform level.

Movement of S&P BSE Bharat 22 TRI for last 10 years:

Data is as on April 9, 2022. Data is of the Total Return Variant of the Index.

POSITION OF DEBT MARKET IN INDIA

Indian debt markets, in the early nineties, were characterised by controls on pricing of

assets, segmentation of markets and barriers to entry, low levels of liquidity, limited number

of players, near lack of transparency, and high transactions cost. Financial reforms have

significantly changed the Indian debt markets for the better. Most debt instruments are now

priced freely on the markets; trading mechanisms have been altered to provide for higher

levels of transparency, higher liquidity, and lower transactions costs; new participants have

entered the markets, broad basing the types of players in the markets; methods of security

issuance, and innovation in the structure of instruments have taken place; and there has

been a significant improvement in the dissemination of market information. There are three

main segments in the debt markets in India, viz., Government Securities, Public Sector Units

(PSU) bonds, and corporate securities. A bulk of the debt market consists of Government

Securities. Other instruments available currently include Corporate Debentures, Bonds

issued by Financial Institutions, Commercial Paper, Certificates of Deposits and Securitized

Debt. Securities in the Debt market typically vary based on their tenure and rating.

Government Securities have tenures from one year to thirty years whereas the maturity

period of the Corporate Debt now goes upto sixty years and more (perpetual). Perpetual

bonds are now issued by banks as well. Securities may be both listed and unlisted and there

is increasing trend of securities of maturities of over one year being listed by issuers.

The yields and liquidity on various securities as on March 31, 2022are as under:

Issuer Instrument Maturity Yields (%) Liquidity

GOI Treasury Bill 91 days 3.78% High

GOI Treasury Bill 364 days 4.56% High

GOI Short Dated 1-3 Yrs 4.32%-5.67% High

GOI Medium Dated 3-5 Yrs 5.67%-6.09% High

GOI Long Dated 5-10 Yrs 6.09%-6.82% High

Corporates Taxable Bonds (AAA) 1-3 Yrs 5.00%-5.80% Medium

12



30

Corporates Taxable Bonds (AAA) 3-5 Yrs 5.80%-6.30% Low to Medium

Corporates CDs (A1+) 3 months 3.85% Medium to High

Corporates CPs (A1+) 3 months 4.35% Medium to High

Investment by AMC:

From time to time and subject to the regulations, the sponsors, the mutual funds and

investment Companies managed by them, their associate companies, subsidiaries of the

sponsors and the AMC may invest either directly or indirectly in the Scheme. The funds

managed by associates and/ or the AMC may acquire a substantial portion of the Scheme.

Accordingly, redemption of units held by such funds, associates and sponsors may have an

adverse impact on the units of the Scheme because the timing of such redemption may

impact the ability of other unitholders to redeem their units. Further, as per the Regulation,

in case the AMC invests in any of the Scheme managed by it, it shall not be entitled to

charge any fees on such investments.

The Scheme may invest in other Scheme managed by the AMC or in the Scheme of any

other Mutual Funds, provided it is in conformity to the investment objectives of the Scheme

and in terms of the prevailing Regulations and guidelines. As per the Regulations, no

investment management fees will be charged for such investments.

Procedure followed for Investment decisions

Kindly refer Statement of Additional Information for details.

F: FUNDAMENTAL ATTRIBUTES

Following are the Fundamental Attributes of the scheme, in terms of Regulation 18 (15A) of

the SEBI (MF) Regulations:

(i) Type of a scheme

An Open ended fund of funds scheme investing in BHARAT 22 ETF.

(ii) Investment Objective

For detailed objective of the scheme, please refer to “Highlight/Summary of the Scheme”

(iii) Investment Pattern: The tentative portfolio break-up of Equity and Debt and other

permitted securities and such other securities as may be permitted by the SEBI from

time to time with minimum and maximum asset allocation, while retaining the option to

alter the asset allocation for a short term period on defensive considerations. Please

refer to section on “How will the Scheme allocate its assets” for more details.

(iv) Terms of Issue

A] Liquidity provisions such as listing, repurchase, redemption:

Kindly refer “Highlight/Summary of the Scheme”

B] Aggregate fees and expenses charged to the Scheme:

8

1



31

The provisions in respect of fees and expenses are as indicated in this SID. Please refer to

section “Fees and Expenses”.

C] Any safety net or guarantee provided:

The present scheme is not a guaranteed or assured return scheme

Changes in Fundamental Attributes

In accordance with Regulation 18(15A) of the SEBI (MF) Regulations, the Trustees shall

ensure that no change in the fundamental attributes of the Scheme(s) and the Plan(s) /

Option(s) thereunder or the trust or fee and expenses payable or any other change which

would modify the Scheme(s) and the Plan(s) / Option(s) thereunder and affect the interests

of Unitholders is carried out unless:

An application has been made with SEBI and views/comments of SEBI are sought on the

proposal for fundamental attribute changes;

An addendum to the existing SID shall be issued and displayed on AMC website

immediately;

SID shall be revised and updated immediately after completion of duration of the exit

option (not less than 30 days from the notice date).;

A public notice shall be given in respect of such changes in one English daily newspaper

having nationwide circulation as well as in a newspaper published in the language of

region where the Head Office of the Mutual Fund is situated, and

The Unitholders are given an option for a period of atleast 30 calendar days to exit at the

prevailing Net Asset Value without any exit load.

G. HOW WILL THE SCHEME BENCHMARK ITS PERFORMANCE?

The benchmark of the Scheme is S&P BSE Bharat 22 TRI.

As the Scheme invests in BHARAT 22 ETF which tracks S&P BSE Bharat 22 Index, the same

is a suitable benchmark for the performance of the scheme.

S&P BSE Bharat 22 Index is designed to measure the performance of selected companies

disinvested by the Central Government of India according to its disinvestment program. The

index employs a modified market capitalization weighting scheme, using the divisor

methodology used in S&P Dow Jones Indices’ equity indices. The weight of each individual

stock is capped at 15% and each BSE sector is capped at 20% of the index. Individual stock

and sector weight caps are applied during the annual rebalancing.

The Trustee reserves right to change the benchmark for performance of the scheme by

suitable notification to the investors to this effect.

H. WHO MANAGES THE SCHEME?

Mr. Kayzad Eghlim and Mr. Nishit Patel are the fund managers of the Scheme. As on March

31, 2022, Mr. Kayzad Eghlim has been managing the Scheme for tenure of 3 years and 10

months since June 2018. Mr. Nishit Patel has been managing the Scheme for tenure of 1

year 3 months since January 2021.

9

10



32

Name of

the Fund

Manager

Age /

Qualificati

on

Experience Other schemes managed

Kayzad

Eghlim

55 Years /

B.Com,

M.Com

and MBA

He is associated with ICICI

Prudential Asset Management

Company Limited from June 2008

till date.

Past Experience:

~ IDFC Investment Advisors Ltd -

Dealer Equities - September 2006 to

June 2008.

~ Prime Securities - Manager -

December 2003 to August 2006.

~ Canbank Mutual Fund (IS Himalayan

Fund) - Fund Manager - June 2003

to October 2003.

~ Canbank Mutual Fund - Equity

Dealer - June 2000 to June 2003.

~ Canbank Mutual Fund – Assisting

the Fund Manager - 1994 to1997.

~ Canbank Mutual Fund - The Primary

Market Department (IPO) - 1991 to

1994.

ICICI Prudential Nifty

Index Fund


Next 50 Index Fund

ICICI Prudential Sensex

ETF

ICICI Prudential Equity–

Arbitrage Fund – Equity

Portion


ETF

ICICI Prudential Nifty 100

ETF

ICICI Prudential NV20

ETF

ICICI Prudential Midcap

Select ETF

ICICI Prudential Equity

Savings Fund

ICICI Prudential IT ETF

BHARAT 22 ETF


Index Fund


Low Vol 30 ETF


Next 50 ETF


Select ETF


150 ETF

ICICI Prudential Alpha

Low Vol 30 ETF

ICICI Prudential FMCG

ETF

ICICI Prudential Private

Banks ETF


Low Vol 30 ETF FOF

ICICI Prudential

Healthcare ETF

ICICI Prudential S&P BSE

500 ETF


22 FOF

ICICI Prudential Bank

ETF


Low Vol 30 ETF FOF




33

Name of

the Fund

Manager

Age /

Qualificati

on


ETF

ICICI Prudential

Consumption ETFICICI

Prudential Smallcap

Index Fund


150 Index Fund


Auto ETF

ICICI Prudential Nifty Bank

Index

Nishit

Patel

27/ C.A.

and

B.Com

Mr. Nishit joined ICICI Prudential

Asset Management Company

Limited in November 2018.

Past Experience:

~ ICICI Prudential Asset

Management Company Limited –

ETF Business - November 2018 –

January 2020.

BHARAT 22 ETF


Select ETF

ICICI Prudential Nifty 100

ETF

ICICI Prudential Nifty ETF


Low Vol 30 ETF

ICICI Prudential NV20

ETF


ETF

ICICI Prudential S&P BSE

500 ETF


Next 50 ETF

ICICI Prudential Bank

ETF

ICICI Prudential Private

Banks ETF


150 ETF


Low Vol 30 ETF

ICICI Prudential IT ETF


Index Fund


Next 50 Index Fund


Index Fund


22 FOF


ETF


Low Vol 30 ETF FOF

ICICI Prudential

Healthcare ETF



34

Name of

the Fund

Manager

Age /

Qualificati

on


ICICI Prudential Regular

Gold Savings Fund (FOF)

ICICI Prudential Nifty Low

Vol 30 ETF FOF

ICICI Prudential Gold ETF


ETF

ICICI Prudential

Consumption ETF

ICICI Prudential

Smallcap Index Fund


150 Index Fund

ICICI Prudential Silver

ETF Fund of Fund


Auto ETF

ICICI Prudential Nifty Bank

Index

I. WHAT ARE THE INVESTMENT RESTRICTIONS?

Pursuant to the Regulations and amendments thereto, the following investment restrictions

are presently applicable to the Scheme:

1. Transfer of investments from one scheme to another scheme in the same Mutual Fund is

permitted provided:

a) Such transfers are done at the prevailing market price for quoted instruments on spot

basis (spot basis shall have the same meaning as specified by a Stock Exchange for spot

transactions); and

b) The securities so transferred shall be in conformity with the investment objective of the

Scheme to which such transfer has been made.

Further the inter scheme transfer of investments shall be in accordance with the

provisions contained in clause Inter-Scheme transfer of investments, contained in

Statement of Additional Information. The AMC shall comply with the guidelines issued

by SEBI vide its Circular dated October 8, 2020 and such other guidelines as may be

notified from time to time.

2. The Fund shall get the securities purchased transferred in the name of the Fund on

account of the concerned scheme, wherever investments are intended to be of a long-

term nature.

3. The Mutual Fund shall buy and sell securities on the basis of deliveries and shall in all

cases of purchases, take delivery of relevant securities and in all cases of sale, deliver the

securities:

Provided further that sale of government security already contracted for purchase shall

be permitted in accordance with the guidelines issued by the RBI in this regard.

11



35

4. No loans for any purpose can be advanced by the Scheme.

5. No mutual fund scheme shall make any investments in;

a) any unlisted security of an associate or group company of the sponsor; or

b) any security issued by way of private placement by an associate or group company

of the Sponsor; or

c) the listed securities of group companies of the Sponsor which is in excess of 25% of

the net assets of the scheme of the Mutual Fund.

6. The Fund shall not borrow except to meet temporary liquidity needs of the Fund for the

purpose of repurchase/ redemption of units or payment of interest or IDCW to the

Unitholders. Such borrowings shall not exceed 20% of the net assets of the individual

scheme and the duration of the borrowing shall not exceed a period of 6 months.

7. Pending deployment of funds of the Schemes in terms of the investment objective of the

Schemes, the Mutual Fund may invest them in short term deposits of scheduled

commercial banks in accordance with SEBI Circular no SEBI/IMD/CIR No. 1/91171/07

dated 16th April 2007 and SEBI/IMD/CIR No. 7/12959/08 dated June 23, 2008, and

SEBI/HO/IMD/DF4/CIR/P/2019/093 dated August 16, 2019 following guidelines shall be

followed for parking of funds in short term deposits of Scheduled commercial Banks

pending deployment:

“Short Term” for such parking of funds by mutual funds shall be treated as a period not

exceeding 91 days.

Such short term deposits shall be held in the name of the concerned Scheme.

No mutual fund Scheme shall park more than 15% of the net assets in Short term

deposit(s) of all the scheduled commercial banks put together. However, it may be

raised to 20% with prior approval of the trustees. Also, parking of funds in short term

deposits of associate and sponsor scheduled commercial banks together shall not

exceed 20% of total deployment by the mutual fund in short term deposits.

No mutual fund Scheme shall park more than 10% of the net assets in short term

deposit(s), with any one scheduled commercial bank including its subsidiaries.

Trustees/Asset Management Companies (AMCs) shall ensure that no funds of a scheme

are parked in short term deposit (STD) of a bank which has invested in that scheme.

Trustees/AMCs shall also ensure that the bank in which a scheme has STD does not

invest in the said scheme until the scheme has STD with such bank.

The above conditions are not applicable to term deposits placed as margins for trading in

cash and derivative market.

Asset Management Company (AMC) shall not be permitted to charge any investment

management and advisory fees for parking of funds in short term deposits of scheduled

commercial banks.

8. The Mutual Fund having an aggregate of securities which are worth Rs.10 crores or

more, as on the latest balance sheet date, shall subject to such instructions as may be

issued from time to time by the Board, settle their transactions entered on or after

January 15, 1998 only through dematerialised securities. Further, all transactions in

government securities shall be in dematerialised form.

9. The Scheme being the fund of fund scheme, it shall be subject to following investment

restrictions:

a) The Scheme shall not invest in any other fund of fund scheme.

b) The Scheme shall not invest its assets other than in schemes of mutual funds, except

to the extent of funds required for meeting the liquidity requirements for the purpose

of repurchases or redemptions, as disclosed in the SID of fund of fund scheme.



36

10. The Scheme will comply with any other Regulation applicable to the investment of

mutual funds from time to time.

The Trustee /AMC may alter the above stated limitations from time to time, and also to the

extent the SEBI (MF) Regulations change, so as to permit the Scheme to make their

investments in the full spectrum of permitted investments in order to achieve their

investment objective.

J. HOW HAS THE SCHEME PERFORMED?

Compounded Annualised Returns of the Scheme (Growth Option) and its benchmark as on

March 31, 2022:

Scheme/Benchmark Name 1 Year 3

Years

5

Years

Since

Inception

Inception

Date

ICICI Prudential BHARAT 22 FOF 33.57 8.34 - 9.93 29-Jun-18

S&P BSE Bharat 22 TRI

(Benchmark)

35.32 8.51 - 10.22

Past performance may or may not be sustained in the future and the same may not

necessarily provide the basis for comparison with other investment. Date of inception of the

scheme is June 29, 2018. The performance of the Scheme is benchmarked to Total Return

Varaint of the Index. Load is not considered for computation of returns. Since the scheme

has been in existence for less than 3 years, performance for last 3 years and last 5 years is

not shown.

Absolute returns of the Scheme (Growth Option) and its benchmark for last five financial

years:

As inception date of scheme is June 29, 2018, the performance for FY18-19 and earlier is not

available. Past performance may or may not be sustained in the future and the same may

not necessarily provide the basis for comparison with other investment. Date of inception of

the scheme is June 29, 2018. The performance of the Scheme is benchmarked to Total

Return Varaint of the Index. Load is not considered for computation of returns.



37

K. ADDITIONAL DISCLOSURES AS ON MARCH 31, 2022

i. SCHEME PORTFOLIO HOLDINGS

a) Top 10 holdings:

Company % to Nav

BHARAT 22 ETF 99.59%

CCIL 1.52%

Total 101.11%

Term Deposits have been excluded in calculating Top 10 holdings’ exposure.

b) Sector wise holdings:

Sector % to Nav

Financial Services 99.59%

Cash,Cash Equivalents and Net

Current Assets

0.41%

Total 100.00%

Cash, Cash Equivalents and Net Current Assets includes TREPS, Reverse Repo, Term

Deposits and Net Current Assets.

Investors can also obtain Scheme’s latest monthly portfolio holding from the official website

of AMC i.e.

http://www.icicipruamc.com/Downloads/MonthlyPortfolioDisclosure.aspx

ii. EXPENSE RATIO OF UNDERLYING SCHEME :

Security name Sum of WeightageFRE Actual FRE(FundRecurringExpenses)

Bharat 22 ETF 0.0498% 0.05%

Total 0.0498% 0.05%

Expense ratio of underlying Domestic mutual funds units is excluding GST.

iii. INVESTMENT DETAILS: The aggregate investment in the Scheme under the following

categories:

Sr.no. Category Total amount invested (in Rs.)

1 AMC’s Board of Directors Nil

2 Scheme’s Fund Manager and Nil

3 Other key personnel 1,899,855.27

Managing Director and Executive Director of the AMC are considered under AMC Board of

Directors. In case the Executive Director is a Fund Manager of the Scheme, then he is

considered under Scheme's Fund Managers.

http://www.icicipruamc.com/Downloads/MonthlyPortfolioDisclosure.aspx



38

L. COMPARISON BETWEEN THE SCHEMES

Given below is the comparison of the Scheme with other Fund of Funds Schemes offered by

ICICI Prudential Mutual Fund.

Features

of the

Scheme

ICICI Prudential Regular Gold

Savings Fund (FOF)

ICICI Prudential Global Stable Equity

Fund (FOF)

Type of

the

Scheme

An open ended fund of funds

scheme investing in ICICI

Prudential Gold ETF

An open ended fund of funds scheme

investing in one or more overseas mutual

fund schemes

Asset

Allocation

as per SID

(in %)

Particulars (% of

corpus)

Risk

profil

e

Units of ICICI

Prudential

Gold ETF

95 – 100 Low

Debt &

Money

Market

Instruments

(including

cash & cash

equivalent

and Liquid /

Debt Funds)

0 – 5 Low

The Cumulative Gross Exposure

across Units of ICICI Prudential

Gold ETF and Debt & Money

Market Instruments and such

other securities/assets as may be

permitted by the Board from time

to time should not exceed 100%

of the net assets of the scheme.

Particulars (% of

corpus)

Risk

profile

Units/shares of

Nordea 1 –

Global Stable

Equity Fund

and/or other

overseas mutual

fund schemes*

95 – 100 Medium

to High

Cash, domestic

money market

securities

and/or money

market/liquid

schemes of

domestic

mutual funds

including that of

ICICI Prudential

Mutual Fund

0 – 5 Low to

Medium

*Other overseas mutual fund schemes

would have similar investment

policy/fundamental attributes and risk

profile as N1-GSEF and is in accordance

with the investment strategy of the

Scheme.

Investmen

t

Objective


Savings Fund (FOF) is a fund of

funds scheme with the primary

objective to generate returns by

investing in units of ICICI

Prudential Gold ETF.

The investments into underlying

funds under the Scheme would,

inter alia, be governed by:

- The investment

management style of such

scheme

- The tolerance and the risk

profile of such schemes


Fund (FOF) is an open-ended fund of

funds scheme that seeks to provide

adequate returns by investing in the units

of overseas mutual fund schemes, which

have the mandate to invest globally.

Currently, the Scheme intends to invest

in the units/shares of Nordea 1 – Global

Stable Equity Fund (N1 – GSEF) and/or

other overseas mutual funds. The fund

manager may also invest in one or more

other overseas mutual fund schemes,

with similar investment

policy/fundamental attributes and risk

profile and is in accordance with the



39

Features

of the

Scheme


Savings Fund (FOF)


Fund (FOF)

- The asset allocation (such

as equity or debt) of such

schemes.

However, there can be no

assurance that the investment

objective of the Scheme will be

realized.

investment strategy of the Scheme.

The Scheme may also invest a certain

portion of its corpus in domestic money

market securities and/or money

market/liquid schemes of domestic

mutual funds including that of ICICI

Prudential Mutual Fund, in order to meet

liquidity requirements from time to time.

However, there can be no assurance that

the investment objective of the Scheme

will be realized.

Assets

under

Managem

ent

(March

31, 2022)

Rs. 710. 15 Crore Rs. 107. 88 Crore

No. of

folios as

on March

31, 2022

57,649 3,053

Features of

the Scheme

ICICI Prudential Income Optimizer

Fund (FOF)

ICICI Prudential Asset Allocator Fund

(FOF)

Type of the

Scheme


scheme predominantly investing in

debt oriented schemes and may

also invest in equity and hybrid

schemes.


investing in equity oriented schemes,

debt oriented schemes and gold

ETFs/schemes.

Asset

Allocation as

per SID (in %)

Particulars (% of

corpus)

Risk

profile

Equity

oriented

schemes

10-35% Medium

to High

Debt

oriented

schemes

&Hybrid

oriented

schemes

65-90%

Low To

Medium

Money

Market

Instruments

(with

maturity

not

exceeding

91 days),

0-5%

Low To

Medium

Particulars (% of

corpus)

Risk profile

Equity

oriented

schemes

0-100%

High

Debt-

oriented

schemes

0-100% Low To

Medium

Gold ETFs/

schemes

0-50% Medium to

High

Money

Market

Instruments

(with

maturity

not

exceeding

91 days),

0-5%

Low To

Medium



40

Features of

the Scheme

ICICI Prudential Income Optimizer

Fund (FOF)

ICICI Prudential Asset Allocator Fund

(FOF)

including

Tri-Party

Repo*,

cash & cash

equivalents

*or similar instruments as may be

permitted by RBI/SEBI.

including

Tri-Party

Repo*,

cash & cash

equivalents

* or similar instruments as may be

permitted by RBI/SEBI

Investment

Objective

The primary objective of the

Scheme is to generate regular

income by predominately investing

in debt oriented schemes. The

Scheme will also invest in equity

oriented & hybrid oriented schemes

with an aim to generate capital

appreciation.

However, there can be no assurance

or guarantee that the investment

objective of the Scheme would be

achieved.

The primary objective of the Scheme is

to generate capital appreciation

primarily from a portfolio of equity,

debt, and gold schemes accessed

through the diversified investment

styles of underlying schemes.

However, there can be no assurance or

guarantee that the investment objective

of the Scheme would be achieved.

Assets under

Management

(March 31,

2022)

Rs. 264.12 Crore Rs. 15,555. 58 Crore

No. of folios

as on March

31, 2022

2,334 2,72,780

Features of

the Scheme

ICICI Prudential Debt Management

Fund (FOF)

ICICI Prudential Passive Strategy Fund

(FOF)

Type of the

Scheme


scheme investing predominantly in

debt oriented schemes.


investing predominantly in Units of

domestic Equity Exchange Traded

Funds.

Asset

Allocation as

per SID (in

%)

Particulars (% of

corpus)

Risk

profile

Debt-

oriented

schemes

95-100% Low to

Medium

Money

Market

Instruments

(with

maturity not

exceeding

91 days),

including

Tri-Party

Repo*, cash

& cash

Equivalents)

0-5% Low to

Medium

Particulars (% of

corpus)

Risk profile

Units of

Domestic

Equity

Exchange

Traded

Funds

(ETFs)

95-100% High

Units of

Liquid/Over

night

mutual

fund

schemes/E

TFs, Money

Market

0-5% Low to

Medium



41

Features of

the Scheme

ICICI Prudential Debt Management

Fund (FOF)

ICICI Prudential Passive Strategy Fund

(FOF)

Instruments

(with

maturity

not

exceeding

91 days),

including

Tri-Party

Repo*,

cash & cash

equivalents.


permitted by RBI/SEBI, subject to

approval from SEBI/RBI as required.

Investment

Objective

The primary objective of the

Scheme is to generate capital

appreciation primarily from a

portfolio of debt oriented schemes

accessed through the diversified

investment styles of underlying

schemes.




achieved.

The primary objective of the Scheme is

to generate capital appreciation primarily

from a portfolio that is invested in Units

of domestic Equity Exchange Traded

Funds.




Assets under

Management

(March 31,

2022)

Rs. 204. 36 Crore Rs. 89. 64 Crore

No. of folios

as on March

31, 2022

3,128 1,991

Features of

the Scheme

ICICI Prudential Thematic Advantage

Fund (FOF)


Type of the

Scheme


scheme investing predominantly in

Sectoral / Thematic schemes.

An Open ended fund of funds scheme

investing in BHARAT 22 ETF.

Asset

Allocation as

per SID (in

%)

Particulars (% of

corpus)

Risk

profile

Sectoral/Themat

ic Equity

Oriented

Schemes

80-100 High

Debt oriented

Schemes

0-20 Low

to

Mediu

m

Money Market 0-5 Low

Particulars (% of

corpus)

Risk

profile

Units of

BHARAT 22 ETF

95-100 Medium

to High

Units of Liquid

schemes,

Money Market

Instruments

(with maturity

not exceeding

91 days),

including

0-5 Low to

Medium



42

Features of

the Scheme

ICICI Prudential Thematic Advantage

Fund (FOF)


Instruments

(with maturity

not exceeding

91 days),

including Tri-

Party Repo*,

cash & cash

equivalents

to

Mediu

m


permitted by RBI/SEBI.

TREPS, cash &

cash

equivalents

Investment

Objective

The primary objective of the Scheme

is to generate capital appreciation

primarily from a portfolio of Sectoral

/ Thematic schemes accessed

through the diversified investment

styles of underlying schemes.




achieved.

ICICI Prudential BHARAT 22 FOF (the

Scheme) is a fund of funds scheme with

the primary objective to generate returns

by investing in units of BHARAT 22 ETF.


guarantee that the investment objectives


Assets

under

Managemen

t (March 31,

2022)

Rs. 485. 87 Crore Rs. 55.07 Crore

No. of folios

as on March

31, 2022

25,478 5,149

Features of

the Scheme

ICICI Prudential Global Advantage Fund

(FOF)

ICICI Prudential India Equity FOF

Type of the

Scheme

An Open-ended Fund of Funds scheme

predominantly investing in mutual fund

schemes/ETFs that invest in international

markets.

An Open-ended Fund of Funds

scheme investing in units of equity

oriented schemes

Asset

Allocation as

per SID (in

%)

Particulars Indicative

Allocatio

n

(% of

Corpus)

Risk

Profile

Risk

Profile

Units of

mutual fund

schemes as

stated

below:

95 – 100


Allocatio

n

(% of

Corpus)

Risk

Profile

Risk

Profile



43

a) Units of

mutual fund

schemes/ET

Fs which

have the

mandate to

invest

predominan

tly (at least

sixty five

percent of

the net

assets of the

schemes) in

equity and

equity

related

securities in

international

markets

80 –

100%

Medium

to High

b) Units

of equity

oriented

schemes#

/e

quity

oriented

ETFs which

invests in

equity and

equity

related

securities in

domestic

markets

0- 20% Medium

to High

c) Units of

debt

oriented/hy

brid Mutual

fund

Schemes/ET

Fs

0-20% Low to

Medium

Money

Market

Instruments

(with

maturity not

exceeding

91 days)

including

TREPS*,

cash & cash

equivalents

0-5% Low to

Medium

Units of

equity

oriented

schemes /

ETFs

investing in

equity and

equity

related

securities

95 – 100 Mediu

m to

High

Money

Market

Instruments

(with

maturity

not

exceeding

91 days)

including

Tri-Party

Repo*,

cash & cash

equivalents

0 – 5 Low to

Mediu

m


permitted by RBI/ SEBI.



44


permitted by RBI/ SEBI.

#Equity oriented schemes shall mean

schemes which, as per the scheme

information document, have the mandate

to invest minimum 65% of the net assets

in equity and equity related instruments.

Investment

Objective

ICICI Prudential Global Advantage Fund

(FOF) is a Fund of Funds scheme with the

primary objective to generate returns by

investing in units of one or more mutual

fund schemes / ETFs (managed by ICICI

Prudential Mutual Fund or any other

Mutual Fund(s)) which predominantly

invest in international markets.

A certain corpus of the Scheme will also

be invested in units of domestic mutual

fund schemes/ETFs managed by ICICI

Prudential Mutual Fund or any other

Mutual Fund(s).




The primary objective of the Scheme

is to generate returns by

predominantly investing in one or

more mutual fund schemes /ETFs

(managed by ICICI Prudential Mutual

Fund or any other Mutual Fund(s))

which invest in equity and equity

related securities. However, there

can be no assurance or guarantee

that the investment objective of the


Assets

under

Managemen

t (March 31,

2022)

Rs. 211.19 Crore Rs. 50.25 Crore

No. of folios

as on March

31, 2022

6,495 8,666

Features of

the Scheme

ICICI Prudential Nifty Low Vol 30 ETF

FOF

ICICI Prudential Alpha Low Vol 30 ETF

FOF

Type of the

Scheme


investing in ICICI Prudential Nifty Low

Vol 30 ETF


investing in ICICI Prudential Alpha Low

Vol 30 ETF.



45

Asset

Allocation as

per SID (in

%)

Particula

rs

Indicative

Allocation

(% of Corpus)

Risk Profile

Risk

Profile

Units of

ICICI

Prudenti

al Nifty

Low Vol

30 ETF

100% 95% Medium

to High

Reverse

Repo,

Tri-Party

Repo*,

Units of

Debt

Mutual

Funds

and

ETFs

5% 0% Low to

Medium


permitted by RBI/ SEBI, subject to

requisite approvals from SEBI / RBI, if

needed.


Allocation

(% of Corpus)

Risk

Profile

Units of

ICICI

Prudential

Alpha Low

Vol 30 ETF

100% 95% Mediu

m to

High

Units of

Liquid

schemes/

Money

Market

Instrument

s (with

maturity

not

exceeding

91 days),

including

Tri-Party

Repo*#

5% 0% Low to

Mediu

m

#Excluding subscription money in

transit before deployment / payout. The

cumulative gross exposure through

units of ICICI Prudential Alpha Low Vol

30 ETF and Units of Liquid schemes/

Money Market Instruments (with

maturity not exceeding 91 days),

including Tri-Party Repo*# should not

exceed 100% of the net assets of the

scheme as determined in accordance

with the provisions of SEBI (Mutual

Funds) Regulations read with applicable

circulars.

Investment

Objective

ICICI Prudential Nifty Low Vol 30 ETF

FOF (the Scheme) is a Fund of Funds

scheme with the primary objective to

generate returns by investing in units of

ICICI Prudential Nifty Low Vol 30 ETF.

There can be no assurance or guarantee

that the investment objectives of the


ICICI Prudential Alpha Low Vol 30 ETF

FOF (the Scheme) is a Fund of Funds



ICICI Prudential Alpha Low Vol 30 ETF.




Assets

under

Managemen

t (March 31,

2022)

Rs. 434.84 Crore Rs. 81.11 Crore

No. of folios

as on March

31, 2022

8,084 16,170



46

Features of

the Scheme

ICICI Prudential Passive Multi Asset

Fund of Funds

ICICI Prudential Strategic Metal and

Energy Equity Fund of Fund

Type of the

Scheme


investing in equity, debt, gold and

global index funds/exchange traded

funds.

An Open ended fund of fund scheme

investing in one or more overseas

mutual fund schemes.

Asset

Allocation as

per SID (in

%)

Type of

Security

Indicative

allocation

(% of total

assets)

Risk

Profile

Particulars Min

imu

m

Ma

xim

um

Low/Me

dium/

High

Units of

mutual fund

schemes as

stated below:

95 100

A) Domestic

Equity

ETFs/Index

Funds

25 65 High

B) Domestic

Debt

ETFs/Index

Funds

25 65 Low to

Medium

C) ETFs/Index

Funds

investing in

Overseas

securities

10 30 Medium

to High

D) Domestic

Gold ETFs

0 15 Medium

to High

Reverse

Repo, Tri-

Party Repo*@

,

Units of Debt

oriented

mutual fund

schemes

0 5 Low to

Medium

*Or similar instruments as may be

permitted by SEBI/RBI from time to

time, subject to requisite approvals from

SEBI/RBI, as applicable.

@ Excluding subscription money in

transit before deployment / payout


Allocation

(% of

Corpus)

Risk Profile

Risk

Profile

Units/shar

es of First

Trust

Strategic

Metal and

Energy

Equity

UCITS

Fund

100% 95

%

Medium

to High

Debt,

Money

market

securities,

debt

mutual

fund

schemes/l

iquid

schemes*

5% 0% Low to

Medium




needed.



47

Investment

Objective

ICICI Prudential Passive Multi-Asset

Fund of Funds is a Fund of Funds


generate returns by predominantly

investing in passively managed funds

launched in India and/or overseas.

The Scheme can also invest in other

mutual funds schemes launched in India

and/or overseas.




ICICI Prudential Strategic Metal and

Energy Equity Fund of Fund (the

Scheme) is an open-ended fund of fund

scheme that invests in the units/shares

of First Trust Strategic Metal and Energy

Equity UCITS Fund.

The Scheme may also invest a certain

portion of its corpus in domestic debt or

money market securities and/or debt

mutual fund schemes/liquid schemes of

domestic mutual funds including that of

ICICI Prudential Mutual Fund, in order to

meet liquidity requirements from time

to time.


that the investment objective of the

Scheme will be realized.

Assets

under

Managemen

t (March 31,

2022)


No. of folios

as on March

31, 2022

23,136 5,119

Features of

the Scheme

ICICI Prudential Silver ETF Fund of Fund ICICI Prudential S&P BSE 500 ETF FOF

Type of the

Scheme

An open ended fund of fund scheme

investing in units of ICICI Prudential

Silver ETF


investing in units of underlying scheme

- ICICI Prudential S&P BSE 500 ETF



48

Asset

Allocation as

per SID (in

%)

Instrume

nts

Indicative

allocations

(% of total

assets)

Risk

Profile

Maxi

mum

Min

imu

m

High/Medi

um/ Low

Units of

ICICI

Prudentia

l Silver

ETF

100% 95

%

Medium

Debt &

Money

Market

Instrume

nts

(includin

g cash &

cash

equivale

nt and

Liquid/De

bt

Funds).

5%

0% Low to

Medium

The Cumulative Gross Exposure across,

units of ICICI Prudential Silver ETF, Debt

and Money Market Instruments and

such other securities/assets as may be

permitted by the Board from time to

time, subject to prior approval from

SEBI, if required, should not exceed



Allocation

(% of

Corpus)

Risk

Profile

Units of

ICICI

Prudential

S&P BSE

500 ETF

100

%

95% Medium

to High

Units of

Liquid

schemes/

Money

Market

Instrumen

ts (with

maturity

not

exceeding

91 days),

including

Tri-Party

Repo*,

cash &

cash

equivalent

s#.

5% 0% Low to

Medium




needed.

#Excluding subscription money in

transit before deployment / payout

Investment

Objective

ICICI Prudential Silver ETF Fund of Fund

(the Scheme) is a fund of fund scheme

with the primary objective to generate

returns by investing in units of ICICI

Prudential Silver ETF.

However, there is no assurance or

guarantee that the scheme will achieve

its investment objective.

ICICI Prudential S&P BSE 500 ETF FOF

(the Scheme) is a Fund of Funds



underlying scheme - ICICI Prudential

S&P BSE 500 ETF.




Assets

under

Managemen

t (March 31,

2022)


No. of folios

as on March

31, 2022

28,518

7,213



49

III. UNITS AND OFFER

This section provides details you need to know for investing in the scheme.

A. NEW FUND OFFER DETAILS

This section does not apply to the Scheme covered in this SID, as the ongoing offer of the

Scheme has commenced after the NFO period, and the units are available for continuous

subscription and redemption.

B. ONGOING OFFER DETAILS

Ongoing Offer Period

This is the date from

which the scheme will

reopen for

subscriptions/redemptions

after the closure of the

NFO period.

The scheme is an open ended scheme and hence is available for

ongoing subscription and redemption on an ongoing basis

Ongoing Price for

subscription (purchase) /

switch-in (from other

schemes / plans of the

mutual fund) by investors

The purchase price of the Units will be based on the Applicable

NAV.

Purchase Price = Applicable NAV (for respective plan and option

of the Scheme)

Example: An investor invests ` 20,000/- and the current NAV is `

20/- then the purchase price will be ` 20/- and the investor receives

20000/20 = 1000 units.

The Scheme will comply with SEBI circular No. SEBI/IMD/CIR No.

4/ 168230/09 dated June 30, 2009 regarding applicability of entry

load.

Ongoing price for

redemption (sale) /switch

outs (to other

schemes/plans of the

Mutual Fund) by investors.

This is the price you will

receive for

redemptions/switch outs.

The Units can be redeemed (i.e. sold back to the Fund) on every

Business Day at the Redemption Price (hereinafter defined). The

Redemption Price of the Units will be computed as follows:

Redemption Price = Applicable NAV (for respective plan and

option of the scheme) * (1 - Exit Load as applicable to the

investor).

Applicable exit load shall be subject to the tenure of investment of

the investor in the scheme vis-à-vis the exit load structure

applicable when investor had invested in the scheme.

Example: An investor invests on April 1, 2019 when the applicable

exit load for the scheme was 2% if redeemed within 1 year, else

nil.

Scenario 1) In case investor redeems before April 1, 2020, then

applicable exit load would be 2%. Now suppose the same

investor decides to redeem his 1000 units. The prevailing NAV is

Rs 25/-. Hence, the sale or redemption price per unit becomes Rs.



50

24.50/- i.e. 25*(1-2%). The investor therefore gets 1000 x 24.50 =

Rs. 24,500/-.

Scenario 2) In case investor redeems on or after April 1, 2020, then

applicable exit load would be nil. Now suppose the same investor

decides to redeem his 1000 units. The prevailing NAV is Rs 30/-.

Hence, the sale or redemption price per unit will be Rs. 30/- i.e.

30*(1-0). The investor therefore gets 1000 x 30 = Rs. 30,000/-.

The redemption request can be made for minimum amount as

mentioned under “HIGHLIGHTS/SUMMARY OF THE SCHEME”.

The redemption will be at Applicable NAV, subject to applicable

exit load.

Subject to the Regulations, the Trustee reserves the right to

modify/alter the load structure. Such changes will be applicable for

prospective investments. The Trustee shall arrange to display a

notice in the Customer Service Centers of the AMC before the

change of the then prevalent load structure.

Investors may note that the Trustee has a right to prescribe or

modify the load structure with prospective effect.

All redemption requests received prior to the cut-off time on any

Business Day at the Official Points of Acceptance of Transactions

will be considered accepted on that Business Day, subject to the

redemption requests being complete in all respects, and will be

priced on the basis of Redemption Price for that day. Requests

received after the cut-off time will be treated as though they were

accepted on the next Business Day.

As per the Regulations, the Fund shall dispatch redemption

proceeds within 10 Business Days (working days) of receiving the

redemption request.

Cut-off time for

subscriptions /

redemptions

The below cut-off timings and applicability of NAV shall be

applicable in respect of valid applications received at the Official

Point(s) of Acceptance on a Business Day:

For Purchase of any amount:

In respect of valid applications received upto 3.00 p.m. and

where the funds for the entire amount are available for

utilization before the cut-off time i.e. 3.00 p.m. - the closing NAV

of the day shall be applicable.

In respect of valid applications received after 3.00 p.m. and

where the funds for the entire amount are available for

utilization on the same day or before the cut-off time of the

next business day - the closing NAV of the next Business Day

shall be applicable.

Irrespective of the time of receipt of application, where the

funds for the entire amount are available for utilization before

the cut-off time on any subsequent Business Day - the closing



51

NAV of such subsequent Business Day shall be applicable.

For Switch-ins of any amount:

In case of switch from one scheme to another scheme received

before cut-off i.e. upto 3 p.m. having business day for both the

schemes, closing NAV of the Business Day shall be applicable for

switch-out scheme and for Switch-in scheme, the closing NAV of

the Business Day shall be applicable, on which funds are available

for utilization in the switch-in scheme (allocation shall be in line

with the redemption payout).

To clarify, for investments through systematic investment routes

such as Systematic Investment Plans (SIP), Systematic Transfer

Plans (STP), Flex STP, Capital Appreciation STP, IDCW Transfer,

Trigger etc. the units will be allotted as per the closing NAV of the

day on which the funds are available for utilization by the Target

Scheme irrespective of the installment date of the SIP, STP or

record date of IDCW etc

- “Switch Out” shall be treated as redemption application and

accordingly, closing NAV of the day will be applicable based on

the cut-off time for redemption followed for various type of

schemes.

- “Switch In” shall be treated as purchase application and

accordingly for unit allotment, closing NAV of the day will be

applicable on which the funds are available for utilization.

Redemptions including switch-outs:

In respect of valid applications received upto cut-off time (3.00 pm)

on a business day by the Mutual Fund, same day‟s closing NAV

shall be applicable. In respect of valid applications received after

the cut off time by the Mutual Fund, the closing NAV of the next

business day shall be applicable.

Investment by Sponsors/

AMC

In accordance with Regulation 28(4), the sponsors or AMC will

invest not less than one percent of the amount which would be

raised in the new fund offer or fifty lakh rupees, whichever is less,

in the Scheme and such investment will not be redeemed unless

the Scheme is wound up.

Plans/ Options Following plans/options will be available under the Scheme:

Plans ICICI Prudential BHARAT 22 FOF and ICICI

Prudential BHARAT 22 FOF – Direct Plan

Options Growth Option

However, the Trustees reserve the right to

introduce / alter / extinguish any of the option

under the Scheme at a later date.

For any change in plans/options offered under

the Scheme, the AMC shall publish a notice

cum addendum for the information of the

investors.



52

Default Plan would be as follows in below mentioned scenarios:

Sr

No.

ARN Code

mentioned /

not

mentioned

by the

investor

Plan

mentioned by

the investor

Default Plan

1 Not

mentioned

Not mentioned ICICI Prudential

BHARAT 22 FOF –

Direct Plan

2 Not

mentioned

ICICI Prudential

BHARAT 22

FOF – Direct

Plan

ICICI Prudential

BHARAT 22 FOF –

Direct Plan

3 Not

mentioned

ICICI Prudential

BHARAT 22

FOF

ICICI Prudential

BHARAT 22 FOF –

Direct Plan


BHARAT 22

FOF – Direct

Plan

ICICI Prudential

BHARAT 22 FOF –

Direct Plan

5 Direct Not mentioned ICICI Prudential

BHARAT 22 FOF –

Direct Plan

6 Direct ICICI Prudential

BHARAT 22

FOF

ICICI Prudential

BHARAT 22 FOF –

Direct Plan


BHARAT 22

FOF

ICICI Prudential

BHARAT 22 FOF

8 Mentioned Not mentioned ICICI Prudential

BHARAT 22 FOF

In cases of wrong/ invalid/ incomplete ARN codes mentioned on

the application form, the application shall be processed under ICICI

Prudential BHARAT 22 FOF. The AMC shall contact and obtain the

correct ARN code within 30 calendar days of the receipt of the

application form from the investor/ distributor. In case, the correct

code is not received within 30 calendar days, the AMC shall

reprocess the transaction under ICICI Prudential BHARAT 22 FOF -

Direct Plan from the date of application without any exit load.

The Trustees may at their discretion add one or more additional

options under the Scheme. The Trustees reserve the right to

introduce any other option(s)/sub-option(s) under the Scheme at a

later date, by providing a notice to the investors on the AMC’s

website and by issuing a press release, prior to introduction of

such option(s)/ sub-option(s).

The Plans and Options stated above will have common portfolio.

ICICI Prudential BHARAT 22 FOF - Direct Plan is only for investors

who purchase /subscribe units in a Scheme directly with the Fund.



53

Redemption of Units The Units can be redeemed on every Business Day at the

Redemption Price (hereinafter defined). The redemption request

can be made for any amount subject to minimum amount as

mentioned under “HIGHLIGHTS/SUMMARY OF THE SCHEME”.

The redemption will be at Applicable NAV based prices, subject to

applicable exit load.

All redemption requests received prior to the cut-off time on any

Business Day at the Official Points of Acceptance of Transactions

will be considered accepted on that Business Day, subject to the

redemption requests being complete in all respects, and will be

priced on the basis of Redemption Price for that day. Requests

received after the cut-off time will be treated as though they were

accepted on the next Business Day.

As per the Regulations, the Fund shall dispatch redemption

proceeds within 10 Business Days (working days) of receiving the

redemption request.

It is hereby notified that for the purpose of optimizing operational

efficiency and in the interest of investors, the AMC reserves the

right to choose the mode of payment i.e. NACH/NEFT/ RTGS etc.

for crediting redemption/ IDCW proceeds, unless a written

intimation is received from the investor to the contrary. The AMC

may send a communication to investors whose mode of payment

has been changed to a new mode from the existing mode.

Where Units under a Scheme are held under both the Plans, the

investor must clearly state the Plan in which the redemption/switch

request has to be processed, failing which the request will be

processed under the ICICI Prudential Bharat 22 FOF. However,

where Units under the requested Option are held only under one

Plan, the request would be processed under such Plan.

Suspension of Sale and Redemption of Units

Suspension or restriction of repurchase/ redemption facility under

any scheme of the mutual fund shall be made applicable only after

obtaining the approval from the Boards of Directors of the AMC

and the Trustees. After obtaining the approval from the AMC

Board and the Trustees.

Additionally, the following requirements shall need to be observed

before imposing restriction on redemptions:

Restriction may be imposed when there are circumstances leading

to a systemic crisis or event that severely constricts market

liquidity or the efficient functioning of markets such as:

1. Liquidity issues - when market at large becomes illiquid

affecting almost all securities rather than any issuer specific

security.

2. Market failures, exchange closures - when markets are

affected by unexpected events which impact the



54

functioning of exchanges or the regular course of

transactions. Such unexpected events could also be related

to political, economic, military, monetary or other

emergencies.

3. Operational issues – when exceptional circumstances are

caused by force majeure, unpredictable operational

problems and technical failures (e.g. a black out). Such

cases can only be considered if they are reasonably

unpredictable and occur in spite of appropriate diligence of

third parties, adequate and effective disaster recovery

procedures and systems.

Restriction on redemption may be imposed for a specified period

of time not exceeding 10 working days in any 90 days period.

Any imposition of restriction would require specific approval of

Board of AMC and Trustees and the same should be informed to

SEBI immediately.

When restriction on redemption is imposed, the following

procedure shall be applied:

No redemption requests up to INR 2 lakh shall be subject to

such restriction.

Where redemption requests are above INR 2 lakh, AMCs

shall redeem the first INR 2 lakh without such restriction

and remaining part over and above INR 2 lakh shall be

subject to such restriction.

Right to Limit Redemptions

Any Units, which by virtue of these limitations are not redeemed

on a particular Business Day, will be carried forward for

Redemption to the next Business Day, in order of receipt.

Redemptions so carried forward will be priced on the basis of the

Applicable NAV (subject to the prevailing load) of the Business Day

on which Redemption is made. Under such circumstances, to the

extent multiple Redemption requests are received at the same

time on a single Business Day, Redemptions will be made on pro-

rata basis, based on the size of each Redemption request, the

balance amount being carried forward for Redemption to the next

Business Day(s).

Suspension or restriction of repurchase/ redemption facility under

any scheme of the mutual fund shall be made applicable only after

obtaining the approval from the Boards of Directors of the AMC

and the Trustees. After obtaining the approval from the AMC

Board and the Trustees, intimation would be sent to SEBI in

advance providing details of circumstances and justification for the

proposed action shall also be informed.

How to Apply Please refer to the SAI and Application form for the instructions.

Where can the

applications for

purchase/redemption

switches be submitted?

Computer Age Management Services Limited (CAMS), New No 10.

Old No. 178, Opp. to Hotel Palm Grove, MGR Salai (K.H.Road)

Chennai - 600 034 has been appointed as Registrar for the

Scheme. The Registrar is registered with SEBI under registration

No: INR000002813. As Registrar to the Scheme, CAMS will handle

communications with investors, perform data entry services and



55

dispatch Account Statements. The AMC and the Trustee have

satisfied themselves that the Registrar can provide the services

required and have adequate facilities and the system capabilities.

Investors can submit the application forms at the Details of official

points of acceptance of CAMS and Branches of AMC are provided

on back cover page.

Investors can also subscribe and redeem units from the official

website of AMC i.e. www.icicipruamc.com.

Minimum balance to be

maintained

Not applicable.

Please note that since the minimum redemption amount is “Any

amount” provisions pertaining to minimum balance to be

maintained shall not be applicable.

Minimum Application

Amount, including

switches

Please refer to the “HIGHLIGHTS/SUMMARY OF THE SCHEME”

Minimum Additional

Application Amount,

including switches


Minimum Redemption

Amount


Special products / facilities

available

Systematic Investment Plan (SIP)

The Unitholders of the Scheme can benefit by investing specific

Rupee amounts periodically, for a continuous period. At the time

of registration the SIP allows the investors to invest a fixed equal

amount of Rupees for purchasing additional Units of the Scheme

at NAV based prices. Investors can enroll themselves for SIP in the

Scheme by ticking appropriate box on the application form or by

subsequently making a written request to that effect to the

Registrar.

Minimum number of installments and amounts under various

frequencies are as below:

Frequency Specified date Minimum

amounts per

installment

Minimum

number of

installments

Daily Daily (only

Business days)

Rs. 1000/-

and in

multiples of

Re. 1

6

Weekly Any day(Monday

to Friday)*

Fortnightly 1st

and 16th

day of

each month, as

applicable*

Monthly Any date*

Quarterly Any date* Rs. 5000/-

and in

multiples of

Re. 1

4

*In case the date chosen for SIP falls on a Non-Business Day or on




56

a date which is not available in a particular month, the SIP will be

processed on the immediate next Business Day.

Investors can subscribe through SIP by using Post Dated Cheques

/ Standing Instructions / NACH facilities offered by the Banks. The

cheques should be in favour of “ICICI Prudential BHARAT 22 FOF”

and crossed “Account Payee Only”, and the cheques must be

payable at the centre where the applications are submitted to the

Customer Service Centre. In case of fresh/additional purchases, if

the name of the Scheme on the application form/transaction slip

differs with the name on the Cheque/Demand Draft, then the AMC

will allot units under the Scheme mentioned on the application

form/transaction slip.

In case of fresh/additional purchases, if the Scheme name is not

mentioned on the application form/transaction slip, then the units

will be allotted under the Scheme mentioned on the

Cheque/Demand Draft. The Option that will be considered in such

cases if not specified by the customer will be the default option of

the Scheme as per the SID. However, in case additional purchase

is under the same scheme as fresh purchase, then the AMC

reserves the right to allot units in the option under which units

were allotted at the time of fresh purchase.

Further, Investors/ unitholders subscribing for SIP are required to

submit SIP request at least 30 days prior to the date of first debit

date and SIP start date shall not be beyond 100 days from the date

of submission of request. Further, in case of an existing mandate

set up by the investor for the Scheme, investor can start a SIP

within 15 days of submitting request.

All terms and conditions for SIP/STP, including Exit Load, if any,

prevailing in the date of SIP/STP enrolment/ registration by the

fund shall be levied in the Schemes.

Units will be allotted for the amount net of the bank charges, if any.

On receipt of the post-dated cheques, the Registrar/AMC will send

a letter to the Unitholder confirming that his/her name has been

included in the Systematic Investment Plan. The cheques will be

presented on the dates mentioned on the cheque and Units will be

allotted accordingly. Within 3 Business Days of such allotment, a

fresh Account Statement / Transaction Confirmation will be mailed

to the Unitholder, indicating the new balance to his/her credit in

the Account. An investor will have the right to discontinue the

Systematic Investment Plan, subject to giving 30 days prior notice

to the subsequent SIP date.

Terms and conditions for SIP:

New Investor - If the investor fails to mention the scheme name

in the SIP Mandate Form, then the Fund reserves the right to

register the SIP as per the scheme name available in the main

application. Incase multiple schemes are mentioned in the

main application form, Fund reserves the right to reject the SIP



57

request.

Existing Investor - If the investor fails to mention the scheme

name in the SIP Mandate Form, then the Fund reserves the

right to register the SIP in the existing scheme (Eligible for SIP)

available in the investor’s Folio. Incase Multiple Schemes or

Equity Linked Savings Scheme (ELSS) are available in the folio

then Fund reserves the right to reject the SIP request.

In case SIP date is not selected, then the SIP will be registered

on 10th

(default date) of each Month/Quarter, as applicable.

Further if multiple SIP dates are opted for or if the selection is

not clear, then the sip will be registered for 10th of each

Month/Quarter, as applicable.

If the investor has not mentioned the SIP start Month, SIP will

start from the next applicable month, subject to completion of

30 days lead time from the receipt of SIP request. Further, in

case of an existing mandate set up by the investor for the

Scheme, investor can start a SIP within 15 days of submitting

request.

In case the SIP 'End period' is incorrect OR not mentioned by

the investor in the SIP form, then 5 years from the start date

shall be considered as default End Period.

SIP TOP UP Facility:

a. Investors can opt for SIP TOP UP facility with Fixed Top Up

option or Variable Top Up option, wherein the amount of the

SIP can be increased at fixed intervals. In case the investor opts

for both options, the Variable Top Up option shall be triggered.

b. The minimum Fixed TOP UP amount shall be Rs.100 and in

multiples of Rs. 100 thereafter.

c. Variable TOP UP would be available in at 10%, 15% and 20%

and such other denominations (over and above 10%, 15% and

20%) as opted by the investor in multiples of 5%.

d. The frequency is fixed at Yearly and Half Yearly basis. In case

the TOP UP facility is not opted by ticking the appropriate box

and frequency is not selected, the TOP UP facility may not be

registered.

e. In case of Quarterly SIP, only the Yearly frequency is available

under SIP TOP UP.

f. SIP Top-Up facility shall also be available for the existing

investors who have already registered for SIP facility without

Top-Up option.

Top-Up Cap amount or Top-Up Cap month-year:

Top-Up Cap amount: Investor has an option to freeze the SIP Top-

Up amount once it reaches a fixed predefined amount. The fixed

pre-defined amount should be same as the maximum amount

mentioned by the investor in the bank mandate. In case of

difference between the Cap amount & the maximum amount

mentioned on Bank mandate, then amount which is lower of the



58

two amounts shall be considered as the default amount of SIP Cap

amount.

Top-Up Cap month-year: It is the date from which SIP Top-Up

amount will cease and last SIP installment including Top-Up

amount will remain constant from Cap date till the end of SIP

tenure.

Investor shall have flexibility to choose either Top-Up Cap amount

or Top-Up Cap month- year. In case of multiple selection, Top-Up

Cap amount will be considered as default selection.

Top-Up Cap is applicable for Fixed Top Up option as well as

Variable Top Up option.

All the investors of the fund availing the facility under SIP Variable

Top - Up feature are hereby requested to select either Top - Up Cap

amount or Top - Up Cap month - year. In case of no selection, the

SIP Variable Top - Up amount will be capped at a default amount of

Rs. 10 Lakhs.

Under the said facility, SIP amount will remain constant from Top -

Up Cap date/ amount till the end of SIP Tenure.

Micro Systematic Investment Plan (Micro SIP):

The unit holder will have the facility of MicroSIP under the current

Systematic Investment Plan facility. The Minimum Investment

amount per installment will be as per applicable minimum

investment amount of the respective Scheme. The total

investment under MicroSIP cannot exceed Rs. 50,000/-.

Micro Investment: With effect from October 30, 2012, where the

aggregate of the lump sum investment (fresh purchase &

additional purchase) and Micro SIP installments by an investor in a

financial year i.e April to March does not exceed 50,000/- it shall be

exempt from the requirement of PAN. However, requirements of

Know Your Customer (KYC) shall be mandatory. Accordingly,

investors seeking the above exemption for PAN still need to

submit the KYC Acknowledgement, irrespective of the amount of

investment. This exemption will be available only to Micro

investment made by the individuals being Indian citizens (including

NRIs, Joint holders, minors acting through guardian and sole

proprietary firms). PIOs, HUFs, QFIs and other categories of

investors will not be eligible for this exemption.

Mode of Payment for SIP:

Incase of SIP with payment mode as Standing Instruction / NACH,

Investors shall be required to submit a cancelled cheque or a

photocopy of a cheque of the bank account for which the debit

mandate is provided.

The details of scheme-wise availability of SIP facility, minimum

amount under SIP, minimum installments etc. are stated in para

“Highlights of the Scheme”



59

Investors are requested to note that holding of units through

Demat Option is also available under all open-ended equity and

Debt schemes wherein SIP facility is available.

The units will be allotted based on the applicable NAV as per the

SID and will be credited to investors’ Demat account on weekly

basis upon realization of funds. For e.g. Units will be credited to

investors’ Demat account every Monday for realization status

received in last week from Monday to Friday.

The investors shall note that for holding the units in demat form,

the provisions laid down in the SID and guidelines, procedural

requirements as laid by the Depositories (NSDL/CDSL) shall be

applicable. In case the investor wishes to convert the units held in

non-demat mode to demat mode or vice versa at a later date, such

request along with the necessary form should be submitted to

their Depository Participant(s).

Units held in demat form will be freely transferable, subject to the

applicable regulations and the guidelines as may be amended

from time to time.

Investors/unitholders subscribing for SIP are required to submit

SIP request at least 30 days prior to the date of first debit date and

SIP start date shall not be beyond 100 days from the date of

submission of request for SIP under all frequencies.

Facility of National Automated Clearing House (NACH) Platform in

Systematic Investment Plan (SIP):

In addition to existing facility available for payments through

Postdated cheques/Standing Instructions for investments in SIP,

the NACH facility can also be used to make payment of SIP

installments NACH is a centralized system, launched by National

Payments Corporation of India (NPCI) with an aim to consolidate

multiple Electronic Clearing Service (ECS) mandates. This facility

will enable the unit holders of the Fund to make SIP investments

through NACH by filling up the SIP Registration cum mandate

form. A Unique number will be allotted to every mandate

registered under NACH called as Unique Mandate Reference

Number (“UMRN”) which can be used for SIP transactions.

The NACH facility shall be available subject to terms and

conditions contained in the Easy Pay Debit Mandate Form and as

prescribed by NPCI from time to time.

Systematic Withdrawal Plan (SWP)

SWP (Option 1)

Unitholders of the Scheme have the benefit of enrolling

themselves in the Systematic Withdrawal Plan. The SWP allows

the Unitholder to withdraw a specified sum of money each month

from his investments in the Scheme. SWP is ideal for investors

seeking a regular inflow of funds for their needs. It is also ideally



60

suited to retirees or individuals who wish to invest lump-sum and

withdraw from the investment over a period of time. At the time of

registration the the Unitholder can choose any amount for

withdrawal under the respective frequencies. The Unitholder may

avail of this facility by sending a written request to the Registrar.

Monthly, Quarterly, Half Yearly and Annual frequencies are

available under this facility. Minimum number of installments for

all the frequencies will be 2. Investors can choose any date of

his/her preference as SWP withdrawal date to register under any

frequency available. In case the date chosen for SWP falls on a

Non-Business Day or on a date which is not available in a

particular month, the SWP will be processed on the immediate

next Business Day.

In case none of the frequencies has been selected then Monthly

frequency shall be considered as the Default frequency and where

no withdrawal date is selected, 1st business day of the month shall

be considered as the default SWP date.

The amount thus withdrawn by Redemption will be equated into

Units at Applicable NAV based prices and the number of Units so

arrived at will be subtracted from the Units balance to the credit of

that Unitholder.

The SWP may be terminated on a written notice by a Unitholder of

the Scheme and it will terminate automatically if all Units are

liquidated or withdrawn from the account or upon the Funds

receipt of notification of death or incapacity of the Unitholder.

The details of availability of SWP facility for the scheme have been

stated in para “Highlights of the Scheme”


prevailing in the date of SIP/STP enrolment/registration by the

fund shall be levied in the Scheme.

SWP (Option 2)

This facility is also available under the Scheme. Features of this

facility are as under:

a) Investors can opt for this facility and withdraw their

investments systematically on a Monthly basis. Withdrawals

will be made/ effected on the 25th of every month and would

be treated as redemptions. In case 25th is a holiday, then it

would be effected on next business day.

b) Investor can opt for this facility from the next month onwards

or from 13th month or from any other specified date as opted

by the investor, provided a minimum time gap of 15 days from

the date of request. In case start date is not selected/not

legible/not clear/if multiple dates are opted, Systematic

Withdrawal will start from 13th month (default). Investors are

required to submit Systematic Withdrawal registration request



61

at least 15 days prior to the date of 1st installment.

c) Investor has to select either REGISTRATION or CANCELLATION

by ticking the appropriate box in the application form. In case

no option or both the options are selected the application will

be considered for REGISTRATION by default. The SWP will

terminate automatically if no balance is available in the

respective scheme on the date of installment trigger or if the

enrollment period expires; whichever is earlier.

d) The applicant will have the right to discontinue the SWP at any

time, if he / she so desires, by providing a written request at

any of the ICICI Prudential Mutual Fund Customer Service

Centres or Centres of RTAs. Request for discontinuing SWP

shall be subject to an advance notice of 7 (seven) working

days.

e) SWP installment amount per month will be fixed at 0.75 % of

amount specified by investor and will be rounded-off to the

nearest highest multiple of Re.1.

f) Conversion of physical unit to demat mode will nullify any

existing / future SWP registration request and the request

cannot be re-submitted.

g) If no schemes are selected or opted for multiple schemes, the

AMC reserves the right to reject the SWP request.

h) AMC reserves the right to amend/terminate this facility at any

time, keeping in view business/operational exigencies and the

same shall be in the best interest of the investors.

All terms and conditions for SIP/STP/SWP, including Exit Load, if

any, prevailing in the date of SIP/STP/SWP enrolment/registration

by the fund shall be levied in the Scheme.

Systematic Transfer Plan (STP)

1. Systematic Transfer Plan (STP) is an option wherein Unit

holders of designated schemes (Source Schemes) can opt to

transfer a fixed amount at regular intervals and provide

standing instructions to the AMC to switch the same into the

designated schemes (Target Schemes).

2. The source schemes refer to all open ended schemes* [except

(i) Exchange Traded Funds (ETFs) and (ii) separate plans under

ICICI Prudential Overnight Fund for deployment of unclaimed

amounts viz ICICI Prudential Overnight Fund - Unclaimed

Redemption, ICICI Prudential Overnight Fund - Unclaimed

IDCW, ICICI Prudential Overnight Fund - Unclaimed

Redemption Investor Education and ICICI Prudential Overnight

Fund - Unclaimed IDCW Investor Education].

*ICICI Prudential Long Term Equity Fund (Tax Saving) shall act as

source scheme for this facility, subject to completion of lock-in

period for units allotted.

3. The target schemes refer to all open ended schemes where

subscription is allowed [except (i) Exchange Traded Funds

(ETFs) and (ii) separate plans under ICICI Prudential Overnight

Fund for deployment of unclaimed amounts viz ICICI Prudential

Overnight Fund - Unclaimed Redemption, ICICI Prudential

Overnight Fund - Unclaimed IDCW, ICICI Prudential Overnight



62

Fund - Unclaimed Redemption Investor Education and ICICI

Prudential Overnight Fund - Unclaimed IDCW Investor

Education].

4. The amount transferred under STP from Source scheme to the

Target Scheme shall be done by redeeming Units of Source

scheme at Applicable NAV, subject to exit load, if any; and

subscribing to the Units of the Scheme at Applicable NAV as on

specified date as given below:

Particulars Frequency

Daily option Daily

Weekly Options Any day(Monday

to Friday)*

Monthly and

Quarterly Options

Any date*

*In case the date chosen for STP falls on a non-business day or on

a day which is not available in a particular month, the STP will be

processed on the immediate next business day.

5. In case of nil balance in the Source Scheme, STP for that

particular due date will not be processed. STP will cease to be

active upon five consecutive unsuccessful transactions or if all

units are pledged or upon receipt of intimation of death of Unit

holder.

6. All requests for registering or discontinuing Systematic

Transfer Plans shall be subject to an advance notice of 7

(seven) working days.

7. The provision of “Minimum Redemption Amount” specified in

Scheme Information Document (SID) of the respective

Designated Source schemes and “Minimum Application

Amount” applicable to the Scheme as specified in this

document will not be applicable for Systematic Transfer Plan.

8. At the time of registration the minimum amount for this facility

is Rs. 1,000/- and in multiples of Re.1 for weekly, monthly and

quarterly frequency and Rs.250 and in multiples of Re.1 for

daily frequency. Minimum no. of installments for daily, weekly

and monthly frequency will be 6 and for quarterly frequency

will be 4.

9. The Fund reserves the right to include/remove any of its

Schemes under the category of ‘Designated Schemes available

for STP’ from time to time by suitable display of notice on

AMC’s Website.

10. The Scheme is available as a both Source and Target Scheme

under this facility.

Flex STP

The AMC has introduced ICICI Prudential Flex Systematic Transfer

Plan (Flex STP). Under this facility unit holder(s) can opt to transfer

variable amount(s) linked to value of investments under Flex STP

on the date of transfer at pre-determined intervals from designated

source Scheme(s) [referred to as Transferor Scheme(s)] to the

Growth option of designated target Scheme(s) [referred to as

Transferee Scheme(s)].



63

Salient features of the facility:

1. Flex STP is available at Daily, Weekly, Monthly and Quarterly

Intervals.

Particulars Frequency

Daily option Daily

Weekly Options Any

day(Monday to

Friday)*

Monthly and Quarterly

Options

Any Date*

*In case the date chosen for STP falls on a non-business day or on

a day which is not available in a particular month, the STP will be

processed on the immediate next business day.

2. At the time of registration, the minimum amount under this

facility is as follows:

Frequency Minimum Amount of

Transfer (Rs.)

Daily 250/- and in multiples of

Re.1

Weekly, Monthly

and Quarterly

1,000/- and in multiples of

Re.1

3. There should be a minimum of 6 installments for enrollment

under daily, Weekly and Monthly Flex STP and 4 installments

for Quarterly Flex STP. The minimum balance in unit holder's

account or minimum amount of application at the time of

enrollment for Flex STP should be Rs. 12,000/-.

4. Flex STP with Daily, Weekly, Monthly and Quarterly Frequency

shall commence if the application is submitted at least 7

business days prior to the applicable date.

5. Under Flex STP, the amount sought to be transferred shall be

calculated as follows:

Fixed Amount to be transferred per Installment or the amount as

determined by the following formula [(fixed amount to be

transferred per installment X by the number of installments

including the current installment) - market value of the investments

through Flex STP in the Transferee Scheme on the date of transfer]

whichever is higher.

In case the amount (as calculated basis above) to be transferred is

not available in the Transferor Scheme in the unit holder's account,

the residual amount will be transferred to the Transferee Scheme.

6. The first Flex STP installment will be processed basis the fixed

installment amount specified by the unit holder at the time of

enrollment. Flex STP shall be applicable from second

installment onwards.

7. The total Flex STP amount invested in the Transferee Scheme

shall not exceed the total enrollment amount i.e. amount per

installment X number of installments.

8. The redemption / switch-out of units allotted in the Transferee

Scheme shall be processed on First In First Out (FIFO) basis. In

case there is a redemption / switch-out of any units allotted



64

under Flex STP, the balance installments under Flex STP will be

processed for the fixed installment amount specified by the

unitholder at the time of enrollment.

9. If the Flex STP Date and/or Frequency has not been indicated

or multiple frequencies are selected, Monthly frequency shall

be treated as Default frequency and last business day of the

month shall be treated as Default Date.

10. Flex STP shall be applicable subject to payment of exit load, if

any, in the Transferor Schemes.

11. In case of nil balance in the Transferor Scheme, Flex STP for

that particular due date will not be processed. Flex STP will

cease to be active upon five consecutive unsuccessful

transactions or if all units are pledged or upon receipt of

intimation of death of Unit holder.

12. In order to discontinue the facility, a written request must be

submitted at least 7 business days prior to the next applicable

transfer date for daily/Weekly/Monthly/Quarterly frequency.

13. For availing this facility, investors are required to submit ICICI

Prudential Flex STP form duly complete in all respects.

14. The Scheme acts as both transferor and transferee Scheme

under this facility.

15. Only one registration per target scheme in a folio would be

allowed.

Trustees reserve the right to change / modify the terms and

conditions or withdraw this facility.

The provision of “Minimum Redemption Amount” specified in the

SID(s) of the respective Designated Source Schemes and

“Minimum Application Amount” applicable to the Scheme as

specified in this document will not be applicable for STP.

This facility will ensure that the Unit Holder is able to

systematically invest into equity Schemes and balanced Scheme

without having to give any post dated cheque, unlike under SIP.

The above list is subject to change from time to time. The Trustee

reserves the right to change/modify the terms and conditions of

Flex STP or withdraw the Flex STP at a later date. For the terms

and conditions of Flex STP, contact the nearest ISC or visit our

website www.icicipruamc.com


prevailing in the date of SIP/STP enrolment/ registration by the

fund shall be levied in the Scheme.

Booster STP

ICICI Prudential Booster Systematic Transfer Plan (“Booster STP”)

is a facility wherein unit holder(s) can opt to transfer variable

amount(s) from designated open ended Scheme(s) of the Fund

[hereinafter referred to as “Source Scheme”] to the designated

open-ended Scheme(s) of the Fund [hereinafter referred to as

“Target Scheme”] at defined intervals. The Unitholder would be

required to provide a Base Installment Amount that is intended to




65

be transferred to the Target Scheme. The variable amount(s) or

actual amount(s) of transfer to the Target Scheme will be linked to

the Equity Valuation Index (hereinafter referred to as EVI). The EVI

is derived by assigning equal weights to Price to Earnings (PE),

Price to book (PB), (G-Sec x PE) and Market Cap to Gross Domestic

Product (GDP) or such other factors as may be determined by the

AMC from time to time. Details of EVI are mentioned in the Terms

& Conditions of Booster STP.

This Scheme is a Target Scheme under this facility. The Investors

intending to avail the facility are requested to read and understand

the Terms and Conditions mentioned in the applicable form.

ICICI Prudential Booster Systematic Investment Plan (“Booster

SIP”):

ICICI Prudential Booster Systematic Investment Plan (“Booster

SIP”) is a facility wherein unit holder(s) can opt to invest a pre-

determined sum at defined intervals to a designated open ended

Scheme(s) of ICICI Prudential Mutual Fund [hereinafter referred to

as “Source Scheme”] and then the amount is transferred to the

designated open-ended Scheme(s) of ICICI Prudential Mutual Fund

[hereinafter referred to as “Target Scheme”] at defined intervals.

The Unit holder would be required to provide a SIP amount which

will be considered as the Base Installment Amount that is intended

to be transferred to the Target Scheme. The actual amount of

transfer to the Target Scheme will be linked to the Equity Valuation

Index (hereinafter referred to as EVI) which is a proprietary model

of ICICI Prudential Asset Management Company Limited (the

AMC). The EVI is derived by assigning equal weights to Price to

Earnings (PE), Price to book (PB), (G-Sec x PE) and Market Cap to

Gross Domestic Product (GDP) or such other factors as may be

determined by the AMC from time to time.

The Scheme shall be a Target Scheme under this facility. Kindly

refer to Application Form for details.

Consolidated Account

Statement (CAS)

1. The Consolidated Account Statement (CAS) for each

calendar month will be issued on or before fifteenth day of

succeeding month to the investors who have provided valid

Permanent Account Number (PAN). Further, CAS will be

sent via email where any of the folios consolidated has an

email id or to the email id of the first unit holder as per KYC

records.

2. For folios not included in the Consolidated Account

Statement (CAS), the AMC shall henceforth issue account

statement to the investors on a monthly basis, pursuant to

any financial transaction in such folios on or before fifteenth

day of succeeding month.

3. The AMC shall send an allotment confirmation specifying

the units allotted by way of email and/or SMS within 5

Business Days of receipt of valid application/transaction to

the Unit holders registered e-mail address and/ or mobile

18

18



66

number.

4. In case of a specific request received from the unit holder,

the AMC shall provide the account statement to the

investors within 5 business days from the receipt of such

request.

5. In the case of joint holding in a folio, the first named Unit

holder shall receive the CAS/account statement. The

holding pattern has to be same in all folios across Mutual

Funds for CAS.

Further, in case if no transaction has taken place in a folio during

the period of six months ended September 30 and March 31, the

CAS detailing the holdings across all Schemes of all mutual funds,

shall be emailed at the registered email address of the unitholders

on half yearly basis, on or before twenty first day of succeeding

month, unless a specific request is made to receive the same in

physical form.

The asset management company shall issue units in

dematerialized form to a unit holder in a scheme within two

working days of the receipt of request from the unit holder.

Each CAS issued to the investors shall also provide the total

purchase value / cost of investment in each scheme.

Further, CAS issued for the half-year(September/ March) shall also

provide:

a. The amount of actual commission paid by AMCs/Mutual Funds

(MFs) to distributors (in absolute terms) during the half-year

period against the concerned investor’s total investments in

each MF scheme. The term ‘commission’ here refers to all

direct monetary payments and other payments made in the

form of gifts / rewards, trips, event sponsorships etc. by

AMCs/MFs to distributors. Further, a mention may be made in

such CAS indicating that the commission disclosed is gross

commission and does not exclude costs incurred by

distributors such as Goods and Services Tax (wherever

applicable, as per existing rates), operating expenses, etc.

b. The scheme’s average Total Expense Ratio (in percentage

terms) along with the break up between Investment and

Advisory fees, Commission paid to the distributor and Other

expenses for the period for each scheme’s applicable plan

where the concerned investor has actually invested in.

Such half-yearly CAS shall be issued to all MF investors, excluding

those investors who do not have any holdings in MF schemes and

where no commission against their investment has been paid to

distributors, during the concerned half-year period.

In case of the units are held in dematerialized (demat) form, the

statement of holding of the beneficiary account holder will be sent



67

by the respective Depository Participant periodically.

CAS for investors having Demat account:

6. Investors having MF investments and holding securities in

Demat account shall receive a single Consolidated Account

Statement (CAS) from the Depository.

7. Consolidation of account statement shall be done on the

basis of Permanent Account Number (PAN). In case of

multiple holding, it shall be PAN of the first holder and

pattern of holding. The CAS shall be generated on a

monthly basis.

8. If there is any transaction in any of the Demat accounts of

the investor or in any of his mutual fund folios, depositories

shall send the CAS within fifteen days from the month end.

In case, there is no transaction in any of the mutual fund

folios and demat accounts then CAS with holding details

shall be sent to the investor on half yearly basis.

9. In case an investor has multiple accounts across two

depositories, the depository with whom the account has

been opened earlier will be the default depository.

The dispatch of CAS by the depositories would constitute

compliance by the AMC/ the Mutual Fund with the requirement

under Regulation 36(4) of SEBI (Mutual Funds) Regulations.

However, the AMC reserves the right to furnish the account

statement in addition to the CAS, if deemed fit in the interest of

investor(s).

Transaction Charges

Distributors may or may

not charge the transaction

cost for all the investors.

However, their option to

charge the transaction

cost for all the investors is

subject to change at their

discretion.

Pursuant to SEBI Circular No. Cir/ IMD/ DF/13/ 2011 dated August

22, 2011 the transaction charge per subscription of Rs.10,000/-

and above may be charged in the following manner:

i. The existing investors may be charged Rs. 100/- as transaction

charge per subscription of Rs.10,000/- and above;

ii. A first time investor may be charged Rs.150/- as transaction

charge per subscription of Rs.10,000/- and above.

There shall be no transaction charge on subscription below Rs.

10,000/- and on transactions other than purchases/ subscriptions

relating to new inflows.

In case of investment through Systematic Investment Plan (SIP),

transaction charges shall be deducted only if the total commitment

through SIP amounts to Rs. 10,000/- and above. The transaction

charges in such cases shall be deducted in 4 equal installments.

However, the option to charge “transaction charges” is at the

discretion of the distributors. Investors may note that distributors

can opt to receive transaction charges based on ‘type of the

Scheme’. Accordingly, the transaction charges would be deducted

from the subscription amounts, as applicable.

Transaction charges shall also be deducted on



68

purchases/subscriptions received through non-demat mode from

the investors investing through a valid ARN holder i.e. AMFI

Registered Distributor (provided the distributor has opted-in to

receive the transaction charges) in respect of transactions routed

through Stock Exchange(s) platform viz. NSE Mutual Fund

Platform (“NMF-II”) and BSE Mutual Fund Platform (“BSE STAR

MF”).

The aforesaid transaction charge shall be deducted by the Asset

Management Company from the subscription amount and paid to

the distributor, as the case may be and the balance amount shall

be invested subject to deduction of Goods and Services Tax.

Transaction Charges shall not be deducted if:

Purchase/Subscription made directly with the fund through any

mode (i.e. not through any distributor/agent).

Purchase/ subscription made in demat mode through stock

Exchange, irrespective of investment amount.

CAS/ Statement of account shall state the net investment (i.e.

gross subscription less transaction charge) and the number of

units allotted against the net investment.

Cash Investments in the

Scheme

Currently, the AMC is not accepting cash investments. Information

in this regard will be provided to investors as and when the facility

is made available.

Redemption The redemption or repurchase proceeds shall be dispatched to the

unitholders within 10 working days from the date of redemption or

repurchase.

The Units can be redeemed on every Business Day at the

Redemption Price (hereinafter defined). The redemption request

under the scheme can be made for any amount subject to

minimum amount as mentioned under ‘Highlights / Summary of

the Scheme’.

The redemption or repurchase proceeds shall be dispatched to the

unitholders within 10 working days from the date of redemption or

repurchase.

In case an investor has purchased Units on more than one

Business Day, the Units purchased prior in time (i.e. those Units

which have been held for the longest period of time) will be

deemed to have been redeemed first i.e. on a First-in-First-Out

basis. Unitholders may also request for redemption of their entire

holding and close the account by indicating the same at the

appropriate place in the Redemption Request Form.

It is hereby notified that for the purpose of optimizing operational

efficiency and in the interest of investors, the AMC reserves the

right to choose the mode of payment i.e. NEFT/NACH/RTGS etc.

for crediting redemption/IDCW proceeds, unless a written

intimation is received from the investor to the contrary. The AMC

may send a communication to investors whose mode of payment

has been changed to a new mode from the existing mode.



69

Equalization Reserve When units are sold, and sale price (NAV) is higher than face value

of the unit, a portion of sale price that represents realized gains is

credited to an Equalization Reserve Account and which can be

used to pay IDCW. IDCW can be distributed out of investors capital

(Equalization Reserve), which is part of sale price that represents

realized gains.

Delay in payment of

redemption / repurchase

proceeds

The Asset Management Company shall be liable to pay interest to

the unitholders at such rate as may be specified by SEBI for the

period of such delay (presently @ 15% per annum).

Deployment of unclaimed

IDCW / redemption

The treatment of unclaimed redemption & IDCW amount will be as

per SEBI circular dated Feb 25, 2016, July 30, 2021 and any other

circular published by SEBI from time to time.



70

Bank Account Details

As per the directives issued by SEBI, it is mandatory for applicants

to mention their bank account numbers in their applications for

purchase or redemption of Units. If the Unit-holder fails to provide

the Bank mandate, the request for redemption would be

considered as not valid and the Fund retains the right to withhold

the redemption until a proper bank mandate is furnished by the

Unit-holder and the provision with respect of penal interest in such

cases will not be applicable/ entertained.

Bank Mandate Requirement

For all fresh purchase transactions made by means of a cheque,

where the account on which the cheque is drawn for purchase of

units differs from the bank mandate account provided in the

application, any one of the documents shall be submitted in

respect of mandated bank account as mentioned in the application

form:

1. Original cancelled cheque having the First Holder Name printed

on the cheque.

2. Original bank statement reflecting the First Holder Name, Bank

Account Number and Bank Name as specified in the application.

3. Photocopy of the bank statement duly attested by the bank

manager with designation, employee number and bank seal.

4. Photocopy of the bank pass book duly attested by the bank

manager with designation, employee number and bank seal.

5. Photocopy of the bank statement/passbook/cheque duly attested

by ICICI Prudential Asset Management Company Limited (the

AMC) branch officials after verification of original bank

statement/passbook shown by the investor or their

representative.

6. Confirmation Confirmation by the bank manager with seal,

designation and employee number on the bank‘s letter head

confirming the name of investor, account type, bank branch,

MICR and IFSC code of the bank branch. The letter should not be

older than 3 months.

This condition is also applicable to all purchase transactions made

by means of a Demand Draft. In case the application is not

accompanied by the aforesaid documents, the AMC reserves the

right to reject the application, also the AMC will not be liable in

case the redemption/ IDCW proceeds are credited to wrong

account in absence of above original documents.

With effect from December 21, 2015, in case the bank account

details are not mentioned or found to be incomplete or invalid in a

purchase application, then ICICI Prudential Asset Management

Company Limited (the AMC) may consider the account details as

appearing in the investment amount cheque and the same shall be

updated under the folio as the payout bank account for the

payment of redemption/ IDCW amount etc.The aforementioned

updation of bank account shall however be subject to compliance

with the third party investment guidelines issue d by Association

of Mutual Funds in India (AMFI) from time to time.

The AMC reserves the right to call for any additional documents as

may be required, for processing of such transactions with

missing/incomplete/invalid bank account details. The AMC also

reserves the right to reject such applications.

19



71

Treatment of transactions

received through

distributors whose AMFI

registration/ARN has been

suspended temporarily or

terminated permanently

by AMFI

Investors may please note the following provisions, pertaining to

treatment of purchase/ switch/Systematic Investment Plan

(SIP)/Systematic Transfer Plan (STP) transactions received

through distributors whose AMFI registration/ARN has been

suspended temporarily or terminated permanently by AMFI:

a. During the period of suspension, no commission shall be

accrued or payable to the distributor whose ARN is

suspended. Accordingly, during the period of suspension,

commission on the business canvassed prior to the date of

suspension shall stand forfeited, irrespective of whether the

suspended distributor is the main AMFI Registration Number

(“ARN”) holder or a sub-distributor.

b. All Purchase and Switch transactions, including SIP/STP

registered prior to the date of suspension and fresh SIP/STP

registrations received under the ARN code of a suspended

distributor during the period of suspension, shall be

processed under “Direct Plan” of the respective scheme and

shall be continued under Direct Plan of the respective

scheme perpetually*. A suitable intimation in this regard

shall be sent to the investor informing them of the

suspension of the distributor.

Note: If the AMC receives a written request/instruction from the

unitholder to shift to other than Direct Plan under the ARN of the

distributor post the revocation of suspension of ARN, the same

shall be honored.

c. All Purchase and Switch transactions including SIP/STP

transactions received through the stock exchange/online

platforms through a distributor whose ARN is suspended

shall be rejected.

d. In case where the ARN of the distributor has been

permanently terminated, the unitholders have the

following options:

• Switch their existing investments under the other than Direct

Plan to DirectPlan (Investors may be liable to bear capital

gains taxes as per their individual tax position for such

transactions); or

• Continue their existing investments under the other than

Direct Plan under ARN of another distributor of their choice.



72

Who can invest The following persons are eligible and may apply for subscription

to the Units of the Scheme (subject, wherever relevant, to

purchase of units of Mutual Funds being permitted under

respective constitutions and relevant statutory regulations):

Resident adult individual either singly or jointly (not exceeding

four)

Minor through parent/lawful guardian

Companies, Bodies Corporate, Public Sector Undertakings,

association of persons or bodies of individuals and societies

registered under the Societies Registration Act, 1860 (so long

as the purchase of units is permitted under the respective

constitutions)

Religious and Charitable Trusts are eligible to invest in certain

securities, under the provisions of 11(5) of the Income-tax Act,

1961 read with Rule 17C of Income-Tax Rules, 1962 subject to

the provisions of the respective constitutions under which they

are established permits to invest.

Partnership Firms

Karta of Hindu Undivided Family (HUF)

Banks & Financial Institutions

Non-resident Indians/Persons of Indian origin residing abroad

(NRIs) on full repatriation basis or on non-repatriation basis

Foreign Portfolio Investor (FPI) subject to applicable regulations

Army, Air Force, Navy and other para-military funds

Scientific and Industrial Research Organizations

Any other category of investor who may be notified by

Trustees from time to time by display on the website of the

AMC.

Investors are requested to verify the respective laws applicable to

them about the suitability of the Scheme before investing.

The following persons are not eligible to invest in scheme and

apply for subscription to the units of the Scheme:

A person who falls within the definition of the term “U.S.

Person” under ‘Regulation S’ promulgated under the Securities

Act of 1933 of the United States, as amended, and corporations

or other entities organised under the laws of the U.S. are not

eligible to invest in the schemes and apply for subscription to

the units of the schemes, except for lump sum subscription,

systematic transactions and switch transactions requests

received from Non-resident Indians/Persons of Indian origin

who at the time of such investment, are present in India and

submit a physical transaction request along with such

documents as may be prescribed by ICICI Prudential Asset

Management Company Limited (the AMC)/ICICI Prudential

Trust Limited (the Trustee) from time to time.

The AMC shall accept such investments subject to the applicable

laws and such other terms and conditions as may be notified by

the AMC/the Trustee. The investor shall be responsible for

complying with all the applicable laws for such investments.



73

The AMC reserves the right to put the transaction requests on

hold/reject the transaction request/reverse allotted units, as the

case may be, as and when identified by the AMC, which are not in

compliance with the terms and conditions notified in this regard

A person who is resident of Canada

Such other individuals/institutions/body corporate etc., as may

be decided by the AMC from time to time.

Other

requirements/processes

Consolidation of Folios

In case an investor has multiple folios, the AMC reserves the right

to consolidate all the folios into one folio, based on such criteria as

may be determined by the AMC from time to time.

In case of additional purchases in same scheme / fresh purchase in

new scheme, if the investor fails to provide the folio number, the

AMC reserves the right to allot the units in the existing folio, based

on such integrity checks as may be determined by the AMC from

time to time.

Transactions without Scheme/Option Name

In case of fresh/additional purchases, if the name of the

Scheme/Plan on the application form/transaction slip differs from

the name on the Cheque/Demand Draft, then ICICI Prudential Asset

Management Company Limited (the AMC) will process the

application and allot units at the applicable Net Asset Value, under

the Scheme/Plan which is mentioned on the application

form/transaction slip duly signed by the investor(s). The AMC

reserves the right to call for other additional documents as may be

required, for processing such transactions. The AMC also reserves

the right to reject such transactions.

The AMC thereafter shall not be responsible for any loss suffered

by the investor due to the discrepancy of a Scheme/Plan name

mentioned in the application form/transaction slip and

Cheque/Demand Draft.

In case of fresh purchases, if the Plan name is not mentioned on

the application form/transaction slip, then the units will be allotted

under the Plan mentioned on the Cheque/Demand Draft. The

Plan/Option that will be considered in such cases if not specified

by the customer will be the default option of the Plan as per the

SID.

Redemption/Switch Requests

If an investor submits a redemption/switch request mentioning

both the Number of Units and the Amount to be

redeemed/switched in the transaction slip, then the AMC reserves

the right to process the redemption/switch for the Number of units

and not for the amount mentioned.

If an investor submits a redemption/switch request by mentioning

Number of Units or Amount to be redeemed and the same is

higher than the balance Units/Amount available in the folio under

the Scheme, then the AMC reserves the right to process the

redemption/switch request for the available balance in the folio

under the Scheme of the investor.



74

Multiple Requests

In case an investor makes multiple requests in a transaction slip

i.e. redemption/switch and Change of Address or

redemption/switch and Change of Bank Mandate or any

combination thereof, but the signature is appended only under

one such request, then the AMC reserves the right to process the

request under which signature is appended and reject the rest

where signature is not appended.

Processing of Systematic Investment Plan (SIP) cancellation

request(s):

The AMC will endeavour to have the cancellation of registered SIP

mandate within 30 days from the date of acceptance of the

cancellation request from the investor. The existing

instructions/mandate will remain in force till such date that it is

confirmed to have been cancelled.

Processing of Systematic Withdrawal Plan (SWP)/ Trigger facility

request(s)

Registration / cancellation of SWP and Trigger facility request(s)

will be processed within 7 working days from the date of

acceptance of the said request(s). Any existing registration will

continue to remain in force until the instructions as applicable are

confirmed to have been effected.

Trigger Facility

All types of trigger will be available for all the plans/options/sub-

options of the designated source and target schemes. The source

schemes refer to all open ended schemes [except (i) Exchange

Traded Funds (ETFs) (ii) separate plans under ICICI Prudential

Overnight Fund for deployment of unclaimed amounts viz ICICI

Prudential Overnight Fund - Unclaimed Redemption, ICICI

Prudential Overnight Fund - Unclaimed IDCW, ICICI Prudential

Overnight Fund - Unclaimed Redemption Investor Education and

ICICI Prudential Overnight Fund - Unclaimed IDCW Investor

Education and(iii) ICICI Prudential Long Term Equity Fund (Tax

Saving)] and the target schemes refer to all open ended schemes

where subscription is allowed [except (i) Exchange Traded Funds

(ETFs) and (ii) separate plans under ICICI Prudential Overnight

Fund for deployment of unclaimed amounts viz ICICI Prudential

Overnight Fund - Unclaimed Redemption, ICICI Prudential

Overnight Fund - Unclaimed IDCW, ICICI Prudential Overnight

Fund - Unclaimed Redemption Investor Education and ICICI

Prudential Overnight Fund - Unclaimed IDCW Investor Education]

Submission of separate forms /transaction slips for Trigger Option/

Systematic Withdrawal Plan (SWP) / Systematic Transfer Plan

(STP) facility

Investors who wish to opt for Trigger Option /Systematic

Withdrawal Plan/Systematic Transfer Plan facility have to submit

their request(s) in a separate designated forms/transaction slips. In

case, if AMC do not receive such request in separate designated

forms/transaction slips, it reserves the right to reject such

request(s).



75

Non

Acceptance/Processing of

Purchase request(s) due

to repeated Cheque

Bounce

With respect to purchase request submitted by any investor, if it is

noticed that there are repeated instances of two or more cheque

bounces, the AMC reserves the right to, not to accept/allot units

for all future purchase of such investor(s).

Restrictions, if any, on the

right to freely retain or

dispose of units being

offered.

The Units of the Scheme can be transferred in demat form or in

such form as may be permitted under SEBI Regulations and

guidelines, as amended from time to time.

Investors may please consult their tax advisors to understand the

tax implications that may arise on account of such transfers.

Except as stated above, additions/ deletion of names will not be

allowed under any folio of the Scheme. The above provisions in

respect of deletion of names will not be applicable in case of death

of unit holder (in respect of joint holdings) as this is treated as

transmission of units and not transfer.

A person who falls within the definition of the term “U.S. Person”

under ‘Regulation S’ promulgated under the Securities Act of 1933

of the United States, as amended, and corporations or other

entities organised under the laws of the U.S. are not eligible to

invest in the schemes and apply for subscription to the units of the

schemes, except for lump sum subscription, systematic

transaction and switch transactions requests received from Non-

resident Indians/Persons of Indian origin who at the time of such

investment, are present in India and submit a physical transaction

request along with such documents as may be prescribed by ICICI

Prudential Asset Management Company Limited (the AMC)/ICICI

Prudential Trust Limited (the Trustee) from time to time.

The AMC shall accept such investments subject to the applicable

laws and such other terms and conditions as may be notified by

the AMC/the Trustee. The investor shall be responsible for

complying with all the applicable laws for such investments.

The AMC reserves the right to put the transaction requests on

hold/reject the transaction request/reverse allotted units, as the

case may be, as and when identified by the AMC, which are not in

compliance with the terms and conditions notified in this regard.

Third party Cheques Investment/subscription made through third party cheque(s) will

not be accepted for investments in the units of ICICI Prudential

Mutual Fund.

Third party cheque(s) for this purpose are defined as:

i) Investment made through instruments issued from an account

other than that of the beneficiary investor,

ii) in case the investment is made from a joint bank account, the

first holder of the mutual fund folio is not one of the joint

holders of the bank account from which payment is made.

Third party cheque(s) for investment/subscription shall be

accepted, only in exceptional circumstances, as detailed below:



76

1. Payment by Employer on behalf of employee under Systematic

Investment Plans or lump sum/one-time subscription through

Payroll deductions or deductions out of expense

reimbursements.

2. Custodian on behalf of a Foreign Institutional Investor (FII) or a

client.

3. Payment made by the AMC to a Distributor empanelled with it

on account of commission, incentive, etc. in the form of the

Mutual Fund units of the Schemes managed by such AMC

through SIP or lump sum/one time subscription, subject to

compliance with SEBI Regulations and Guidelines issued by

AMFI, from time to time.

4. Payment made by a Corporate to its Agent/Distributor/Dealer

(similar arrangement with Principal-agent relationship) account

of commission or incentive payable for sale of its

goods/services, in the form of Mutual Fund units of the

Schemes managed by such AMC through SIP or lump sum/one

time subscription, subject to compliance with SEBI Regulations

and Guidelines issued by AMFI, from time to time.

5. Payment by registered Stock brokers of recognized stock

exchanges for their clients having demat accounts.

Note:

Pursuant to SEBI circular SEBI/HO/IMD/DF3/CIR/P/2019/166 dated

December 24, 2019 payment for investment by means of Cheque,

Demand Draft or any other mode shall be accepted from the bank

account of the minor or from a joint account of the minor with the

guardian only.

The above mentioned exception cases will be processed after

carrying out necessary checks and verification of documents

attached along with the purchase transaction slip/application form,

as stated below:

1. Determining the identity of the Investor and the person making

payment i.e. mandatory now Your Client (KYC) for Investor and

the person making the payment.

2. Obtaining necessary declaration from the Investor/unitholder

and the person making the payment. Declaration by the person

making the payment should give details of the bank account

from which the payment is made and the relationship with the

beneficiary.

3. Verifying the source of funds to ensure that funds have come

from the drawer’s account only.

Please visit www.icicipruamc.com for further details.

Multiple Bank accounts The unit holder/ investor can register multiple bank account details

under its existing folio by submitting separate form available on

the website of the AMC at www.icicipruamc.com. Individuals/HuF

can register upto 5 different bank accounts for a folio, whereas

non-individuals can register upto 10 different bank accounts for a

folio.

Know Your Customer

(KYC) Norms

It is mandatory to complete the KYC requirements for all unit

holders, including for all joint holders and the guardian in case of





77

folio of a minor investor.

Accordingly, financial transactions (including redemptions,

switches and all types of systematic plans) and non-financial

requests will not be processed if the unit holders have not

completed KYC requirements.

Unit holders are advised to use the applicable KYC Form for

completing the KYC requirements and submit the form at our

nearest branch. Further, upon updation of PAN/KYC details with

the KRA (KRA-KYC)/CERSAI (CKYC), the unit holders are requested

to intimate us/our Registrar and Transfer Agent, Computer Age

Management Services Limited, their PAN information along with

the folio details for updation in our records.

CKYCR (Central KYC Records Registry) has now been extended to

Legal Entities as well, procedure for the same shall be prescribed

from time to time.

For more details, please refer SAI available on the AMC’s website.

Tax Status of the investor

For all fresh purchases, the AMC reserves the right to update the

tax status of investors, on best effort basis, on the basis of

Permanent Account Number/Bank Account details or such other

information of the investor available with the AMC for the purpose

of determining the tax status of the investor. The AMC shall not be

responsible for any claims made by the investor/third party on

account of updation of tax status.

Updation of Email address

and mobile number

Investors are requested to update their own email address and

mobile number for speed and ease of communication in a

convenient and cost-effective manner, and to help prevent

fraudulent transactions.

Communication via

Electronic Mail (e-mail)

It is hereby notified that wherever the investor(s) has/have

provided his/their e-mail address in the application form or any

subsequent

communication in any of the folio belonging to the investor(s),

the Fund/Asset Management Company reserves the right to use

Electronic Mail

(e-mail) as a default mode to send various communication which

include

account statements for transactions done by the investor(s).

The investor(s) may request for a physical account statement by

writing or calling the Fund’s Investor Service Centre / Registrar &

Transfer Agent. In case of specific request received from

investor(s), the Fund shall endeavour to provide the account

statement to the investor(s) within 5 working days from the receipt

of such request.

How to Switch? On an on-going basis the Unitholders will have the option to

switch all or part of their investment from the Scheme to any of

the other schemes offered by the Fund provided the Scheme

Information Document of the scheme to which the holdings are to

be switched in, permits such switch.

To effect a switch, a Unitholder must provide clear instructions. A

request for a switch may be specified either in terms of amount or



78

in terms of the number of units of the scheme from which the

switch is sought. Such instructions may be provided in writing or

by completing the Switch Request Slip provided in the transaction

booklet and lodging the same on any Business Day at any of the

Customer Service Centers. An Account Statement reflecting the

new holdings is proposed to be despatched to the Unitholders

within 3 Business Days of completion of switch transaction, except

in case of switch transactions during the New Fund Offer of the

Scheme.

The switch will be effected by redeeming Units from the scheme in

which the Units are held and investing the net proceeds in the

other scheme(s), subject to the minimum balance applicable for

the respective scheme(s).

The price at which the Units will be switched out of the scheme

will be based on the Applicable NAV of the relevant scheme(s) and

considering any exit loads that the Trustee may approve from time

to time.

For switches on an ongoing basis, the Applicable NAV for effecting

the switch out of the existing open-ended funds will be the NAV of

the Business Day on which the switch request, complete in all

respects, is received by the AMC, subject to the cut-off time and

other terms specified in the Scheme Information Document of the

respective existing open-ended schemes.

The policy regarding

reissue of repurchased

units, including the

maximum extent, the

manner of reissue, the

entity (the scheme or the

AMC) involved in the

same.

Not applicable

Seeding of Aadhaar

number

Please refer Statement of Additional Information for more

Information.

Stamp Duty Pursuant to Notification No. S.O. 1226(E) and G.S.R. 226(E) dated

March 30, 2020 issued by Department of Revenue, Ministry of

Finance, Government of India, read with Part I of Chapter IV of

Notification dated February 21, 2019 issued by Legislative

Department, Ministry of Law and Justice, Government of India on

the Finance Act, 2019, a stamp duty @ 0.005% of the transaction

value would be levied on applicable mutual fund transactions,

with effect from July 1, 2020. Accordingly, pursuant to levy of

stamp duty, the number of units allotted on purchase transactions

(including IDCW reinvestment) to the unitholders would be

reduced to that extent.

Transferability of units Pursuant to SEBI Circular no. CIR/IMD/DF/10/2010 dated August

18, 2010, the Units of the Scheme can be freely transferred in

demat form or in such form as may be permitted under SEBI

Regulations and guidelines, as amended from time to time.



79

C. PERIODIC DISCLOSURES

Net Asset Value

This is the value per unit

of the scheme on a

particular day. You can

ascertain the value of

your investments by

multiplying the NAV

with your unit balance.

The NAV will be calculated and disclosed at the close of every

Business Day. NAV will be determined on every Business Day except

in special circumstances. NAV of the scheme shall be:

Prominently disclosed by the AMC under a separate head on the

AMC’s website (www.icicipruamc.com) by 10.00 a.m. of the

following business day,

On the website of Association of Mutual Funds in India - AMFI

(www.amfiindia.com) by 10.00 a.m. of the following business day,

and

Shall be made available at all Customer Service Centres of the

AMC.

In case of any delay, the reasons for such delay would be explained

to AMFI and SEBI by the next day. If the NAVs are not available

before commencement of business hours on the following day due

to any reason, the Fund shall issue a press release providing reasons

and explaining when the Fund would be able to publish the NAVs.

Monthly and Half yearly

Portfolio / Disclosures

The AMC shall disclose portfolio of the scheme (along with ISIN) as

on the last day of the month / half-year within 10 days from the close

of each month / half-year respectively on website of:

AMC i.e. www.icicipruamc.com

AMFI i.e. www.amfiindia.com.

The AMC shall send via email both the monthly and half-yearly

statement of scheme portfolio within 10 days from the close of each

month / half-year respectively. Mutual Funds/ AMCs shall send the

details of the scheme portfolio while communicating the monthly

and half-yearly statement of scheme portfolio via email or any other

mode as may be communicated by SEBI/AMFI from time to time.

The AMC shall provide a feature wherein a link is provided to the

investors to their registered email address to enable the investor to

directly view/download only the portfolio of schemes subscribed by

the said investor. The monthly and half yearly portfolio disclosure

shall also include the scheme risk-o-meter, name of benchmark and

risk-o-meter of benchmark.

The AMC shall publish an advertisement in all India edition of at least

two daily newspapers, one each in English and Hindi, every half year

disclosing the hosting of the half-yearly statement of the scheme’s

portfolio on the AMC’s website and on the website of AMFI.

The unitholders whose e-mail addresses are not registered with the

Fund are requested to update / provide their email address to the

Fund for updating the database. The AMC shall provide a physical

copy of the statement of scheme portfolio, without charging any

cost, on specific request received from a unit holder.

Half Yearly Results In terms of Regulations 59 and SEBI circular no. CIR/IMD/DF/21/2012

dated September 13, 2012, the AMC shall within one month from the

close of each half year, that is on 31st March and on 30th

17(a)






80

September, host a soft copy of its unaudited financial results on their

website. The half-yearly unaudited report shall contain details as

specified in Twelfth Schedule and such other details as are

necessary for the purpose of providing a true and fair view of the

operations of the mutual fund. Further, the AMC shall publish an

advertisement disclosing the hosting of such financial results on their

website, in atleast one English daily newspaper having nationwide

circulation and in a newspaper having wide circulation published in

the language of the region where the Head Office of the mutual fund

is situated.

Annual Report The scheme wise annual report shall be hosted on the website of the

AMC and on the website of the AMFI soon as may be possible but

not later than four months from the date of closure of the relevant

accounts year. The AMC shall publish an advertisement every year in

all India edition of at least two daily newspapers, one each in English

and Hindi, disclosing the hosting of the scheme wise annual report

on the website of the AMC.

The AMC shall display prominently on the AMC’s website link of the

scheme wise annual report and physical copy of the same shall be

made available to the unitholders at the registered / corporate office

of the AMC at all times.

The AMC shall email the annual report or an abridged summary

thereof to the unitholders whose email addresses are registered with

the Fund. The unitholders whose e-mail addresses are not registered

with the Fund are requested to update / provide their email address

to the Fund for updating the database. Physical copy of scheme wise

annual report or abridged summary shall be provided to investors

who have opted to receive the same.

The AMC shall also provide a physical copy of the abridged

summary of the Annual Report, without charging any cost, on

specific request received from unitholder.

As per regulation 56(3A) of the Regulations, copy of Schemewise

Annual Report shall be also made available to unitholder on payment

of nominal fees.

Associate Transactions Please refer to Statement of Additional Information (SAI).



81

Taxation

The information is

provided for general

information only. This

information does not

purport to be a

complete analysis of all

relevant tax

considerations; nor

does it purport to be a

complete description of

all potential tax costs,

tax incidence and risks

for the investors.In view

of the individual nature

of the implications, each

investor is advised to

consult his or her own

tax advisors/authorised

dealers with respect to

the specific amount of

tax and other

implications arising out

of his or her

participation in the

schemes. It is assumed

that units of mutual fund

are held as capital asset

by the investors.

As per the

provisions of the

Income-tax Act,

1961 (“the Act”),

as amended by

the Finance Act,

2021As

Particulars

Tax rates

applicable for

Resident Investors

Tax rates

applicable

for non-

resident

Investors

Mutual

Fund

Tax on

IDCW

Taxable as per

applicable tax rates

Taxable as

per

applicable

tax rates

Nil

Capital

Gains:

Long Term (held

for more than 12

months)**

10#

% without

Indexation in case

of redemption of

units where STT is

paid on transfer

[u/s 112A ]

10#

%

without

Indexation

in case of

redemption

of units

where STT

is paid on

transfer

[u/s 112A ]

Nil

Short Term (held

for not more

than 12 months)

15%#

on

redemption of

units where STT is

paid on transfer

(u/s 111A)

15%#

on

redemption

of units

where STT

is paid on

transfer

(u/s 111A)

Nil

Equity Scheme(s) will also attract Securities Transaction Tax (STT) at

applicable rates.

Notes:

1. Income of the Mutual Fund is exempt from income tax in

accordance with the provisions of Section 10(23D) of the Act.

2. Under the terms of the Scheme Information Document, this

Scheme is classified as “equity oriented fund”.

As per clause (a) of the explanation to section 112A, an

"Equity oriented fund" has been defined to mean a fund set up

under a scheme of a mutual fund specified under clause (23D)

of section 10 and,—

(i) in a case where the fund invests in the units of another fund

which is traded on a recognised stock exchange,—

(A) a minimum of ninety per cent of the total proceeds of such

fund is invested in the units of such other fund; and

(B) such other fund also invests a minimum of ninety per

cent of its total proceeds in the equity shares of domestic

companies listed on a recognised stock exchange; and

(ii) in any other case, a minimum of sixty-five per cent of the total

proceeds of such fund is invested in the equity shares of

domestic companies listed on a recognised stock exchange

Further it is stated that the percentage of equity shareholding or unit

held in respect of the fund, as the case may be, shall be computed

with reference to the annual average of the monthly averages of the

opening and closing figures.



82

3. If the total income of a resident investor (being individual or

HUF) [without considering such Long-term capital Gains /

short term capital gains] is less than the basic exemption

limit, then such Long-term capital gains/short-term capital

gains should be first adjusted towards basic exemption limit

and only excess should be chargeable to tax.

4. Non-resident investors may be subject to a separate of tax

regime / eligible to benefits under Tax Treaties, depending

upon the facts of the case. The same has not been captured

above.

5. A rebate of up to Rs. 12,500 is available for resident

individuals whose total income does not exceed Rs.

5,00,000.

**Aggregate long term capital gains exceeding one lakh rupees in a

financial year, arising from the transfer of units of an ‘equity oriented

fund’, equity shares and units of business trust are chargeable to tax

at 10 per cent (plus the applicable surcharge, health and education

cess).

#excluding applicable surcharge and health and education cess.

For details on Stamp Duty, please refer section ‘Units and Offer’.

For further details on taxation please refer to the Section on 'Tax

Benefits of investing in the Mutual Fund' provided in 'Statement of

Additional Information ('SAI')'.

Investor services The Fund will follow-up with Customer Service Centres and Registrar

on complaints and enquiries received from investors for resolving

them promptly.

For this purpose, Mr. Rajen Kotak has been appointed the Investor

Relations Officer. He can be contacted at the Corporate Office of the

AMC. The address and phone numbers are:

2nd Floor, Block B-2, Nirlon Knowledge Park,

Western Express Highway, Goregaon,

Mumbai - 400063.

Tel # 022 2685 2000

Fax # 022 26868313

e-mail - [email protected]

mailto:[email protected]



83

D. COMPUTATION OF NAV

The NAV of the Units of the Scheme will be computed by dividing the net assets of the

Scheme by the number of Units outstanding on the valuation date. The Fund shall value its

investments according to the valuation norms, as specified in Schedule VIII of the

Regulations, or such norms as may be prescribed by SEBI from time to time and as

stipulated in the valuation policy and procedures of the Fund, provided in Statement of

Additional Information (SAI). The broad valuation norms are detailed in Statement of

Additional Information:

The NAV of the Scheme shall be rounded off up to four decimals.

NAV of units under the Scheme shall be calculated as shown below:

Market or Fair Value of Scheme’s investments + Current Assets

- Current Liabilities and Provision

NAV (Rs.) =_____________________________________________________

No. of Units outstanding under Scheme

The NAV of the Scheme will be calculated as of the close of every Business Day. The

valuation of the Scheme’s assets and calculation of the Scheme’s NAV shall be subject to

audit on an annual basis and such regulations as may be prescribed by SEBI from time to

time.



84

IV. FEES AND EXPENSES

This section outlines the expenses that will be charged to the schemes.

A. NEW FUND OFFER (NFO) EXPENSES

Not Applicable.

B. ANNUAL SCHEME RECURRING EXPENSES

These are the fees and expenses for operating the Scheme. These expenses include

Investment Management and Advisory Fee charged by the AMC, Registrar and Transfer

Agents’ fee, marketing and selling costs etc. as given in the table below:

The AMC has estimated the following percentage of the daily net assets of the Scheme will

be charged to the Scheme as expenses. For the actual current expenses being charged, the

investor should refer to the website of the mutual fund. The mutual fund would update the

current expense ratios on the website at least three working days prior to the effective date

of the change. Investors can refer https://www.icicipruamc.com/Downloads/total-expense-

ratio.aspx for Total Expense Ratio (TER) details.

Annual Scheme Recurring Expenses:

Particulars ICICI Prudential Bharat

22 FOF (% p.a. of daily

net assets)

Investment Management and Advisory Fees

Up to 0.0095**

Trustee fee

Audit fees

Custodian fees

Registrar & Transfer Agent’s Fees

Marketing & Selling expense (including Costs of statutory

Advertisements)#

Cost related to investor communications

Cost of fund transfer from location to location

Cost of providing account statements

Cost towards investor education & awareness (at least 2 bps##

)

Brokerage & transaction cost over and above 12 bps for cash

market trades.

Goods and Services Tax on expenses other than investment and

advisory fees

Goods and Services Tax on brokerage and transaction cost

Other Expenses$*

Total Recurring Expenses Up to 0.0095

Expenses of BHARAT 22 ETF (the Underlying scheme) Up to 0.0095

Additional expenses for gross new inflows from specified cities*

(more specifically elaborated below)

Up to 0.30

The aforesaid does not include Goods and Services Tax on investment management and

advisory fees. The same is more specifically elaborated below.

*As permitted under the Regulation 52 of SEBI (MF) Regulations, 1996 and pursuant to SEBI

circular no. CIR/IMD/DF/21/2012 dated September 13, 2012, SEBI (Mutual Funds) Second

Amendment Regulations, 2012 SEBI/HO/IMD/DF2/CIR/P/2018/16 dated February 02, 2018

https://www.icicipruamc.com/Downloads/total-expense-ratio.aspx

https://www.icicipruamc.com/Downloads/total-expense-ratio.aspx



85

,SEBI/HO/IMD/DF2/CIR/P/2018/137 dated October 22, 2018 and Securities and Exchange

Board of India (Mutual Funds) (Fourth Amendment) Regulations, 2018.

Investors are requested to note that they will be bearing the recurring expenses of the fund

of funds scheme, in addition to the expenses of underlying schemes in which the fund of

funds scheme makes investments.

As per Regulation 52(6)(a), the total expenses of the Scheme including weighted average of

charges levied by the underlying schemes shall not exceed 1.00 per cent of the daily net

assets of the Scheme. It may be further noted that the total expense ratio to be charged over

and above the weighted average of total expense ratio of the underlying schemes shall not

exceed two times the weighted average of the total expense ratio levied under the

underlying schemes, subject to limit as specified above.

** Though the permissible limit as per the Regulations is 1.00% of the daily net assets of the

Scheme including weighted average of charges levied by the underlying scheme in which

the Scheme invests, the annual recurring expenses would be currently charged up to 0.0095

per cent of the daily net assets of the Scheme in addition to the expenses of BHARAT 22 ETF

(underlying scheme). Investors may note that the annual scheme recurring expenses for

BHARAT 22 ETF (underlying scheme) has been kept at 0.0095% as per the Financial Bid

submitted by the AMC to Government of India (GOI). The total expense ratio shall not be

increased for at least 3 (three) years from NFO listing date of BHARAT 22 ETF (i.e. November

28, 2017), and may be changed in accordance with any regulatory stipulations in this regard.

All applicable taxes, cess, duties can be charged to the Scheme as per the Regulations and

any other applicable guidelines. For more information on Fees and Expenses, please refer

to the Scheme Information Document of the underlying scheme, which is available on

AMC’s website i.e. www.icicipruamc.com.

##

Any shortfall with respect to contribution of 2bps towards investor education & awareness

shall be borne by the AMC or as may be specified in the applicable Regulations/circulars.

ICICI Prudential BHARAT 22 FOF – Direct Plan shall have a lower expense ratio excluding

distribution expenses, commission, etc as compared to ICICI Prudential BHARAT 22 FOF and

no commission for distribution of units will be paid/charged under ICICI Prudential BHARAT

22 FOF – Direct Plan.

These estimates have been made in good faith as per information available to the AMC and

the total expenses may be more than as specified in the table above. However, as per the

Regulations, the total recurring expenses that can be charged to the Scheme in this Scheme

Information Document shall be subject to the applicable guidelines.

The purpose of the above table is to assist the investors in understanding the various costs

and expenses that an investor in the Scheme will bear. The above expenses may

increase/decrease as per actual and/or any change in the Regulations.

Investment Management and Advisory Fees charged by the AMC to the Scheme shall be

within the total expense limit as prescribed under Regulation 52 of the Regulations with no

sub-limits on said management and advisory fees.

*As permitted under the Regulation 52 of SEBI (MF) Regulations, 1996 and pursuant to SEBI

circulars no. CIR/IMD/DF/21/2012 dated September 13, 2012,

SEBI/HO/IMD/DF2/CIR/P/2018/16 dated February 02, 2018, SEBI/HO/IMD/DF2/CIR/P/2018/137

dated October 22, 2018, SEBI (Mutual Funds) Second Amendment Regulations, 2012 and

SEBI (Mutual Funds) Fourth Amendment Regulations, 2018.



86

(i) The AMC may charge Goods and Services Tax on investment and advisory fees to the

scheme of the Fund in addition to the maximum limit of total expenses ratio as

prescribed in Regulation 52 of the Regulations, whereas Goods and Services tax on

other than investment and advisory fees, if any, shall be borne by the scheme within the

maximum limit as per regulation 52 of the Regulations.

(ii) expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows from retail

investors from B30 cities or as may be specified by the Securities and Exchange Board

of India, from time to time are at least –

30 per cent of the gross new inflows from retail investors from B30 cities into the

scheme, or;

15 per cent of the average assets under management (year to date) of the scheme,

whichever is higher;

Provided that if inflows from from retail investors from B30 cities are less than the higher of

the above, such expenses on daily net assets of the scheme shall be charged on

proportionate basis;

Provided further that expenses charged under this clause shall be utilised for distribution

expenses incurred for bringing inflows from retail investors from B30 cities;

Provided further that amount incurred as expense on account of inflows from retail

investors from B30 cities shall be credited back to the scheme in case the said inflows are

redeemed within a period of one year from the date of investment.

For above purposes, ‘B30 cities’ shall be beyond Top 30 cities as at the end of the previous

financial year as communicated by AMFI. Retail investors would mean individual investors

from whom inflows into the Scheme would amount upto Rs. 2,00,000/- per transaction.

At least 2 basis points on daily net assets within the maximum limit of overall expense Ratio

shall be annually set apart for investor education and awareness initiatives. The same shall

be within limits specified under Regulation 52 of the SEBI (Mutual Funds) Regulation.

Further, the brokerage and transaction cost incurred for the purpose of execution of trade

may be capitalized to the extent of 12bps for cash market transactions. Any payment

towards brokerage and transaction cost, over and above the said 12 bps for cash market

transactions may be charged to the scheme within the maximum limit of Total Expense

Ratio as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996.

Goods and Services Tax on brokerage and transaction cost paid for execution of trade, if

any, shall be within the limit prescribed under regulation 52 of the Regulations.

Expenses shall be charged / borne in accordance with the Regulations prevailing from time

to time.

The following is an illustration of the impact of expense ratio on the scheme’s returns:

Particulars Regular Plan Direct Plan

Amount Invested at the beginning of

the year

10,000 10,000

Returns before Expenses 1,500 1,500

Expenses other than Distribution 150 150



87

Expenses

Distribution Expenses 50 -

Returns after Expenses at the end of

the Year

1300 1350

C. LOAD STRUCTURE

Load is an amount, which is paid by the investor to redeem the units from the scheme. Load

amounts are variable and are subject to change from time to time. For the current applicable

structure, please refer to the website of the AMC; www.icicipruamc.com or may call at (toll

free no.) or your distributor.

Entry Load: Not Applicable.

In terms of circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30, 2009, SEBI has

notified that, w.e.f. August 01, 2009 there will be no entry load charged to the schemes of

the Mutual Fund.

Exit Load: Nil

Any redemption/switch arising out of excess holding by an investor beyond 25% of the net

assets of the Scheme in the manner envisaged under specified SEBI Circular No.

SEBI/IMD/CIR No. 10/22701/03 dated 12th

December 2003, such redemption / switch will not

be subject to exit load.

The exit load charged, if any, shall be credited back to the respective scheme. Goods and

services tax on exit load shall be paid out of the exit load proceeds and exit load net of

Goods and services tax shall be credited to the schemes.

Exit Load, if any, prevailing on the date of enrolment of SIP/ STP shall be levied in the

Scheme.

The investor is requested to check the prevailing load structure of the Scheme before

investing.

Any imposition or enhancement in the load shall be applicable on prospective investments

only. Units issued on reinvestment of IDCW shall not be subject to entry and exit load.

Subject to the Regulations, the Trustee reserves the right to modify/alter the load structure

on the Units subscribed/redeemed on any Business Day. At the time of changing the load

structure, the AMC / Mutual Fund may adopt the following procedure:

i. The addendum detailing the changes will be attached to Scheme Information Documents

and key information memorandum. The addendum will be circulated to all the

distributors/brokers so that the same can be attached to all Scheme Information Documents

and key information memoranda already in stock.

ii. Arrangements will be made to display the addendum in the Scheme Information Document

in the form of a notice in all the investor service centres and distributors/brokers office.

iii. The introduction of the exit load along with the details will be stamped in the

acknowledgement slip issued to the investors on submission of the application form and will

also be disclosed in the statement of accounts issued after the introduction of such load.

iv. A public notice shall be provided on the website of the AMC in respect of such changes.

16




88

D. WAIVER OF LOAD FOR DIRECT APPLICATIONS

Not Applicable

V. RIGHTS OF UNITHOLDERS

Please refer to SAI for details.

VI. Penalties, Pending Litigation or Proceedings, Findings Of Inspections Or Investigations

For Which Action May Have Been Taken Or is In The Process Of Being Taken By Any

Regulatory Authority

1) All disclosures regarding penalties and action(s) taken against foreign Sponsor(s) may be

limited to the jurisdiction of the country where the principal activities (in terms of income /

revenue) of the Sponsor(s) are carried out or where the headquarters of the Sponsor(s) is

situated. Further, only top 10 monetary penalties during the last three years shall be

disclosed.

Nil

2) In case of Indian Sponsor(s), details of all monetary penalties imposed and/ or action taken

during the last three years or pending with any financial regulatory body or governmental

authority, against Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee

Company; for irregularities or for violations in the financial services sector, or for defaults

with respect to shareholders or debenture holders and depositors, or for economic

offences, or for violation of securities law. Details of settlement, if any, arrived at with the

aforesaid authorities during the last three years shall also be disclosed.

Cases pertaining to ICICI Bank Ltd. (the Bank):

2.1) SEBI issued an Adjudication Order on September 12, 2019 imposing a penalty of

rupees 5 lakh each under Section 15 HB of SEBI Act and Section 23E of SCRA on the Bank

and rupees 2 lakhs under Section 15HB of SEBI act on the ex-compliance officer(eCO) on

alleged delayed disclosure of an agreement relating to merger of ICICI Bank Limited with

erstwhile Bank of Rajasthan. The eCO and the Bank had filed an appeal against SEBI’s order

with the Securities Appellate Tribunal (“SAT”) and SAT vide its orders has converted the

monetary penalty imposed on the Bank and eCO to warning, respectively.

Subsequently, SEBI filed an appeal with the Supreme Court of India (“Supreme Court”)

against the aforementioned SAT orders. Separately, the Bank had also filed an appeal with

the Supreme Court against SAT order. These matters were heard with Supreme Court on

January 6, 2021 wherein the Supreme Court directed an interim stay on the operation of the

SAT orders. The Bank and eCO subsequently filed counter-affidavits before the Supreme

Court. To bring closure to the matter, the eCO and the Bank has filed the settlement

application under SEBI (Settlement aProceedings) Regulations, 2018 with SEBI pursuant to

which the eCO and the Bank has paid the settlement amount to SEBI and the SEBI

Settlement Order is awaited. Meanwhile, the Bank and the eCO filed the applications seeking

for disposal of the civil appeal matters pending before the Supreme Court which were heard

on January 4, 2022 and Supreme Court vide its order dated January 4, 2022 disposed off all

the appeals in view of the settlement between the parties.

2.2) The Bank & it’s ex-Managing Director & CEO had received a Show Cause Notice (SCN)

from SEBI on May 24, 2018 under Rule 4(1) of SCR (Procedure for Holding Inquiry and

20



89

imposing penalties by Adjudicating Officer) Rules 2005 requiring responses on matters

relating to alleged non-compliance with certain provisions of the erstwhile Listing

Agreement and the Securities and Exchange Board of India (Listing Obligations and

Disclosure Requirements) Regulations, 2015. Thereafter, personal hearing was held at SEBI

on the said notice on October 16, 2018 and supplements to the earlier notice was submitted

on October 31, 2018, January 10, 2019, February 1, 2019, February 22, 2019, February 27,

2019 and December 9, 2019. On November 19, 2020, SEBI issued a modified SCN to the

Bank in relation to the above wherein it included Clause 2 of Uniform Listing Agreement and

Section 21 of SCRA in addition to the existing cited provisions. Post inspection of

documents, the Bank has submitted its final response on the MSCN to SEBI on February 12,

2021.

2.3) The Reserve Bank of India (RBI), in exercise of powers conferred under section

47(A)(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, levied an

aggregate penalty of ` 10 million vide its order dated February 25, 2019. The penalty has

been levied for delay in compliance to RBI’s directives on “Time-bound implementation &

strengthening of SWIFT related controls”.

2.4) SEBI issued a Show Cause Notice dated January 30, 2020 received by us on February

11, 2020 wherein they have alleged that the Bank has failed to provide appropriate

protection against victimisation of the complainant and thus violated the provisions of

Regulation 22(2) of the SEBI LODR Regulations, 2015. The Bank submitted its reply to the

SCN on March 23, 2020. To bring closure to the matter, on July 17, 2020, the Bank has

submitted a settlement application with SEBI under Securities and Exchange Board of India

(Settlement Proceedings) Regulations, 2018. SEBI issued a Settlement Order dated January

29, 2021 mentioning that the adjudication proceedings in the said matter is disposed of in

terms of section 15JB of the SEBI Act, 1992 read with regulation 23(1) of Settlement

Regulations on the basis of the settlement terms.

2.5) The Bank in its capacity as Designated Depository Participant (“DDP”) has received a

show-cause notice (SCN) dated December 28, 2020 from SEBI (received on December 31,

2020), for alleged violation of SEBI (Foreign Portfolio Investors) Regulations, 2019/2014 and

other related Guidelines. SEBI vide the SCN has alleged that the Bank (as DDP) did not

report to SEBI the delay in intimation of change in grouping information of two FPIs where

the delay was beyond six months and the Bank did not enquire from the FPIs as to since

when the two FPIs had common control. On May 15, 2021 the Bank had submitted its

detailed response to the SCN to SEBI. Pursuant to the submission of response, on May 17,

2021 personal hearing was held and on May 21, 2021 additional submission was made by

the Bank to SEBI. After considering the detailed/additional submissions made by the Bank,

SEBI issued an Adjudication Order on June 29, 2021 wherein SEBI had dropped the charges

against the Bank.

2.6) The Financial Intelligence Unit wide its order dated July 30, 2021 issued a warning

under Section 13 of PMLA, 2002 for non-compliance with provisions of Section 12. The said

warning was issued for failing to have an effective internal mechanism to detect and report

complete information in respect of Cross Border Wire Transfer Reports. The FIU in its order

has also mentioned that resubmission of the entire cross border wire transfer data by the

Bank according to the guidelines is a mitigating factor in favour of the Bank.

2.7) In April 2019, the Directorate of Enforcement has issued six show-cause notices against

ICICI Bank and certain other entities and persons alleging certain violations under Foreign

Exchange Management Act, 1999 mainly pertaining to the sale of foreign exchange travel



90

cards to travellers. In four of these matters, the Enforcement Directorate has imposed

penalties as under:

i. Rs. 0.8 million on ICICI Bank Ltd and similar amount on one of its employee vide order

dated March 24, 2020.

ii. Rs. 0.05 million on ICICI Bank Ltd and similar amount on one of its employee vide order


iii. Rs. 2.2 million on ICICI Bank Ltd and Rs. 0.22 million on one of its employee vide order

dated October 29, 2020.

iv. Rs. 0.6 million on ICICI Bank Ltd and Rs. 0.15 million on one of its employee vide order


ICICI Bank Limited has filed appeals against all the above mentioned penalty orders before

Appellate Tribunal for Foreign Exchange. Hearing at the Appellate Tribunal has been

scheduled over a period of next 4 months for these matters. For remaining two SCNs,

joint/additional reply has been filed and final order is awaited.

2.8) The Bank had received a Show Cause Notice from Insurance Regulatory and

Development Authority of India (IRDAI) on May 9, 2019 for receipt of payment in relation to

administration support expenses from ICICI Life during FY2016 in violation of Insurance

laws. The Bank responded through letter dated May 17, 2019 stating that the payment was

in line with applicable laws, properly disclosed in financial statements and was stopped

w.e.f. April 1, 2017, i.e. post promulgation of new commission regulations. The Bank

officials represented Bank’s point of view during the personal hearing with IRDAI on January

29, 2020 and revert from IRDAI is awaited.

2.9) The Bank has on May 20, 2020 received a Show Cause Notice from IRDAI subsequent to

its onsite inspection between June 4 - 8, 2018 with regard to Corporate Agent activities

performed by the Bank. The Bank has submitted its response on June 29, 2020.

2.10) ICICI Bank received a show cause notice from RBI dated April 25, 2018 under Section

11 of Foreign Exchange Management Act, 1999 relating to contravention of directions

issued by Reserve Bank of India (RBI) in respect of follow-up with exporters and reporting of

export realization. The Bank submitted a detailed response to the said show cause notice

specifying the efforts taken by the Bank. Taking into cognizance of efforts made by the Bank,

no monetary penalty has been imposed by RBI.

2.11) The RBI has, by an order dated May 03, 2021, imposed a monetary penalty of ₹ 3

Crores on the Bank. This penalty has been imposed under the provisions of section 47 A (1)

(c) read with sections 46 (4) (i) of the Banking Regulation Act, 1949 for shifting certain

investments from Hold till Maturity (HTM) category to Available for Sale (AFS) category in

May 2017. The Bank had transferred two separate categories of securities on two different

dates from HTM to AFS in April and May of 2017, which it believed was permissible as per

Master Circular on Prudential Norms for Classification, Valuation and Operation of

Investment Portfolio by Banks’ dated July 01, 2015. RBI has held that the shifting of

securities the second time in May 2017 without explicit permission was in contravention of

RBI directions.

2.12) The Reserve Bank of India (RBI) has by an order dated December 13, 2021 (received by

the ICICI Bank on December 15, 2021) imposed a monetary penalty of ` 30 Lakhs on the

ICICI Bank (Bank) under the provisions of Section 46(4) (i) read with Section 47A (1) of

Banking Regulation Act 1949 for non-compliance with certain directions issued by RBI on

‘Levy of Penal charges on non-maintenance of minimum balance in savings bank accounts’

dated November 20, 2014. The Bank was levying charge of ` 100/- plus a percentage of

shortfall between the minimum average balance (MAB) required to be maintained and actual



91

balance maintained in the saving account as agreed upon at the time of account opening.

RBI has held that levy of charges for non-maintenance of MAB were not directly

proportionate to the extent of the shortfall observed in the required MAB and actual balance

maintained. The Bank has taken steps to align the charge levied for non-maintenance of

MAB with the above direction of RBI.

3) Details of all enforcement actions taken by SEBI in the last three years and/ or pending

with SEBI for the violation of SEBI Act, 1992 and Rules and Regulations framed there

under including debarment and/ or suspension and/ or cancellation and/ or imposition of

monetary penalty/adjudication/enquiry proceedings, if any, to which the Sponsor(s) and/

or the AMC and/ or the Board of Trustees /Trustee Company and/ or any of the directors

and/ or key personnel (especially the fund managers) of the AMC and Trustee Company

were/ are a party. The details of the violation shall also be disclosed.

1. SEBI had initiated quasi-judicial proceedings in respect of certain alleged violations

observed during the inspection of ICICI Prudential Mutual Fund under SEBI (Mutual Funds)

Regulations, 1996, for the period from April 01, 2014 to March 31, 2016 viz. a) investment

made in three allegedly non-FMCG companies by ICICI Prudential FMCG Fund, b) non-

rebalancing of the portfolio of the close-ended debt schemes on account of downgrade in

debt instruments of Jindal Steel and Power Limited (JSPL), and c) procedural non-

compliance with respect to delegation of authority by the Board of Directors of ICICI

Prudential Trust Limited (the Trustee Company) to ICICI Prudential Asset Management

Company Limited (the AMC) for declaration of dividend by the schemes of ICICI Prudential

Mutual Fund. Pursuant to completion of quasi-judicial proceedings, SEBI had levied a

penalty of ₹ 300,000 on the AMC and ₹ 200,000 on the Trustee Company only in respect of

matters listed under (a) and (c) above vide order dated December 23, 2019.

2. Further, details as specified in para 2.1 and 2.2 above shall also form part of disclosure

under this para.

4) Any pending material civil or criminal litigation incidental to the business of the Mutual

Fund to which the Sponsor(s) and/ or the AMC and/ or the Board of Trustees /Trustee

Company and/ or any of the directors and/ or key personnel are a party should also be

disclosed separately.

1. As per the SEBI (Mutual Funds) Regulations, 1996, mutual fund schemes are permitted to

invest in securitised debt. Accordingly, few schemes of ICICI Prudential Mutual Fund (“the

Fund”) had made investment in Pass Through Certificates (PTCs) of certain special purpose

vehicles / securitisation trusts (“the Trusts”). The returns filed by few of these securitisation

Trusts whose PTCs were held by the Fund were taken up for scrutiny by the Income Tax

Authorities for Assessment Years 2007-08, 2008-09, 2009-10 and 2010-11. Arising out of

this, the Income Tax Authorities had raised a demand on such Trusts. On failure to recover

the same from the Trusts, Income Tax Authorities sent demand notices to the Fund along

with other Mutual Funds as beneficiaries / contributors to such Trusts. The Fund in

consultation with its tax & legal advisors has contested the applicability of such demand and

got the attachment order vacated by Hon’ble High Court of Bombay. The Trusts on their part

had contested the matter and the Income Tax Appellate Tribunal upheld their appeal and

dismissed the contentions and all the cross-appeals filed by the Tax Authorities. The Tax

Authorities have now filed an appeal with Hon’ble High Court on the matter.

5) Any deficiency in the systems and operations of the Sponsor(s) and/ or the AMC and/ or

the Board of Trustees/Trustee Company which SEBI has specifically advised to be

disclosed in the SID, or which has been notified by any other regulatory agency, shall be

disclosed. –



92

Nil

GENERAL INFORMATION

Power to make Rules

Subject to the Regulations, the Trustee may, from time to time, prescribe such terms and

make such rules for the purpose of giving effect to the Scheme with power to the AMC to

add to, alter or amend all or any of the terms and rules that may be framed from time to

time.

Power to remove Difficulties

If any difficulties arise in giving effect to the provisions of the Scheme, the Trustee may,

subject to the Regulations, do anything not inconsistent with such provisions, which

appears to it to be necessary, desirable or expedient, for the purpose of removing such

difficulty.

Scheme to be binding on the Unitholders:

Subject to the Regulations, the Trustee may, from time to time, add or otherwise vary or

alter all or any of the features of investment plans and terms of the Scheme after obtaining

the prior permission of SEBI and Unitholders (where necessary), and the same shall be

binding on all the Unitholders of the Scheme and any person or persons claiming through or

under them as if each Unitholder or such person expressly had agreed that such features

and terms shall be so binding.

Notwithstanding anything contained in this Scheme Information Document, the provisions

of the SEBI (Mutual Funds) Regulations, 1996 and the guidelines there under shall be

applicable.

Note: The Scheme under this Scheme Information Document was approved by the

Directors of ICICI Prudential Trust Limited by circulation on March 24, 2018. The Trustees

have ensured that ICICI Prudential BHARAT 22 FOF approved by them is a new product

offered by ICICI Prudential Mutual Fund and is not a minor modification of the existing

Scheme/Fund/Product.

For and on behalf of the Board of Directors of

ICICI Prudential Asset Management Company Limited

Sd/-

Nimesh Shah

Managing Director

Place : Mumbai

Date : April 27, 2022

22



93

ICICI Prudential Mutual Fund Official Points of Acceptance

STATE ADDRESS CITY PINCODE

Assam Jadavbora Complex, M.Dewanpath, Ullubari Guwahati 781007

Bihar 1st Floor, Kashi Place, Dak Bungalow Road, Patna 800001

Chandigarh SCO 137-138, F.F, Sec-9C Chandigarh 160017

ICICI Prudential Asset Management Company Ltd.

Shop No. 10, 11 & 12, Ground Floor, Raheja

Towers, Jail Road, Raipur, PIN - 492001,

Raipur 492001

Goa 1st Floor, Unit no F3, 1st Floor, Lawande Sarmalkar

Bhavan, Goa Street, Opp Mahalakshmi Temple,

Panji

Goa 403001

UG-20, VASANT ARCADE, BEHIND POLICE

STATION, COMBA, MARGAO

GOA 403601

Gujarat Office no 201, 2nd Floor, Akshar X, Jagannath-3,

Dr. Yagnik Road

Rajkot 360001

HG 30, B Block, International Trade Center, Majura

Gate

Surat 395002

First Floor, Unit no 108,109,110,Midtown Heights,

Opp Bank of Baroda, Jetalpur Road

Baroda

(Vadodara)

390007

307, 3rd Floor, Zodiac Plaza, Beside NABARD

VIHAR, Near St. Xavier's College Corner,H.L

Collage Road, Off C. G. Road

Ahmedaba

d

380009

Ground Floor, Unit no 2&3, Bhayani Mension,

Gurudwara Road

Jamnagar 361001

Third floor unit no.301, Bhula Laxmi Business

Center, Vapi Silvassa Road, Opp. DCB Bank

Vapi 396191

Valsad, Unit no A1&A2, Ground Floor, Zenith

Doctor House, Halar Cross Road, Valsad

Valsad 396001

109-110, Maruti Sharnam Complex,Opp

Nandbhumi Party Plot,Anand Vallabh Vidyanagar

Road,

Anand 388001

1st Floor, Unit No F1, Gangotri Plaza,Opp

Daxinamurti School, Waghwadi Road

Bhavnagar 364002

ICICI Prudential Asset Management Company

Limited, Ground Floor - 43, Jubilee Colony, Jubilee

Circle, Near Phone Wale, Bhuj-Kutch, Bhuj 370 001,

Gujarat.

Bhuj 370001

First Floor, Unit no. 107/108,Nexus Business Hub,

City Survey no 2513, ward no 1, Beside Rajeshwar

Petrol Pump,Opp Pritam Society 2, Mojampur,

Bharuch,

BHARUCH 392001

1st Floor,Unit No.106,Prabhakunj Heights,Sayaji

Station Road,Opposite ICICI Bank

Navsari 396445

Haryana Scf - 38, Ground floor, Market 2, Sector - 19,

Faridabad

Faridabad 121002

Unit No 125, First Floor, Vipul Agora Building,

M.G.Road, Gurgaon

Gurgaon 122002

Plot No. 5318/2 and 5314/1, Ground Floor, Near

B.D.High School, 3 Cross Road,Ambala Cantt.,

Ambala

Cantt

133001

ICICI Prudential Asset Management company

Limited, 510-513, ward no.8, 1st floor, Above

Federal Bank, opp. Bhatak Chowk, G T Road,

Panipat

Panipat 132103



94

Himachal

Pradesh

Unit No. 21, First Floor, The Mall Road, Shimla Shimla 171001

Karnataka Sri Kamakshi Sadan No 44/1, 1st Floor, 4th Cross,

Malleswaram, Bangalore – 560 003

Bangalore 560003

ICICI Prudential AMC Ltd. No. 311/7, Ground Floor

9th Main, 5th Block,Jayanagar, Bangalore – 560

041.

Bangalore 560041

Phoenix Pinnacle, First Floor Unit 101 -104, No 46

Ulsoor Road

Bangalore 560042

1st Floor,AARYAA Centre,No. 1,MIG,KHB

Colony,1A Cross,5th Block,Koramangala

Bengaluru 560095

Maximus Commercial Complex, UG 3 & 4 Light

House Hill Road

Mangalore 575001

#230/1, New No Ch13, 1st Floor, 5th Cross,12th

Main, Saraswathipuram,

Mysore 570009

Kerala TC 15/1926, Near Ganapathy Temple, Bakery

Junction,Vazhuthacaud Road, Thycaud PO

Thiruvanant

hapuram

(Trivandru

m)

695014

Ground and First Floor, Parambil Plaza, Kaloor

Kadavanthra road, Kathirkadavu, Ernakulam,

Cochin

Cochin 682017

Madhya

Pradesh

Unit no. G3 on Ground Floor and unit no. 104 on

First Floor, Panama Tower, Manorama Ganj

Extension, Near Crown Palace Hotel

Indore 452001

Ground Floor, Kay Kay Business Center, Ram

Gopal Maheshwari, Zone 1,Maharana Pratap Nagar

Bhopal 462023

First Floor Unit No.F04 THE EMPIRE, 33

Commercial Scheme, City Center

Gwalior 474009

Ground Floor Unit no 12/13, Plot no. 42/B3, Napier

Town, OPP Bhawartal Garden

Jabalpur 482001

Maharashtra ICICI Prudential Asset Management Co Ltd,2nd

Floor. Brady House,12/14 Veer Nariman Road Fort.

Mumbai 400001

Ground Unit No 3 , First Floor, Unit No -

13,Esperanza, Linking Road, Bandra (West)

Mumbai 400050

ICICI Prudential Assets Management Company

Limited, Vivekanand villa, Opp. HDFC bank, Swami

Vivekanand Road, Andheri (West), Mumbai

Mumbai 400058

2nd Floor, Block B-2, Nirlon Knowledge Park,

Western Express Highway, Goregaon

Mumbai 400063


Limited, Unit No. 1, Ground Floor, RNJ Corporate,

Plot no 9, Jawahar Road, Opposite Ghatkopar

Railway Station, Ghatkopar East, Mumbai 400 077.

Mumbai 400077

ICICI Prudential Mutual Fund, Ground Floor,

Suchitra Enclave Maharashtra Lane, Borivali (West)

Mumbai 400092

ICICI Prudential Mutual Fund, Ground Floor,

Mahavir Arcade,Ghantali Road, Naupada, Thane

West

Thane 400602

Unit no B15/15C, Ground Floor, Vardhman

Chambers, Plot no. 84, Sector 17,Vashi

Navi

Mumbai

400705

1st Floor, Mona Enclave, WHC Road, Near Coffee

House Square, Above Titan Eye Showroom,

Dharampeth

Nagpur 440010



95

Ground Floor,Plot no 57, Karamkala, New Pandit

Colony, Opp Old Municipal Corporation,(NMC) Off

Sharanpur Road,

Nashik 422002

ICICI Prudential AMC Ltd,Ground Floor, Office no 6,

Chetna CHS Ltd. General Thimayya Marg,Camp-

Pune

Pune 411001

1205 / 4 / 6 Shivaji Nagar, Chimbalkar House, Opp

Sambhaji Park, J M Road

Pune 411004

Ground Floor, Empire Estate-4510,Premiser City

Bldg, Unit No. A-20,Pimpri, Pune

PUNE 411019

Shop no A1,Ground floor, Dhaiwat Viva

Swarganga,Next to Icici Bank, Aghashi Road, Virar

West, Dist -Palghar,

Palghar 401303

Ground Floor,Shop no 137/B, Samarth Nagar,

Aurangabad

Aurangaba

d

431001

ICICI Prudential AMC Ltd, Neel Empress, Ground

Floor, Plot No 92, Sector 1/S, New Panvel - 410206

Panvel 410206

1089, E Ward, Anand Plaza, Rajaram Road Kolhapur 416001


Limited, Ground Floor, Unit no .7, Vikas Heights,

Ram Baugh, Santoshi Mata Road, Kalyan - 421301

Mumbai 421301

New Delhi 12th Floor Narain Manzil,23 Barakhamba Road New Delhi 110001

UNIT No. 17-24, S-1 level, Ground Floor,Block F,

American Plaza International Trade Tower, Nehru

Place

Delhi 110019

Plot No. C-1,2,3-Shop No. 112, Above ICICI Bank,

First Floor, P.P.Towers, Netaji Subash Place

Pitampura

New Delhi 110034

ICICI Prudential AMC Ltd,108,Mahatta Tower,B

Block Janak Puri

New Delhi 110058

Orissa ICICI Prudential Asset Management Company Ltd.,

Plot No – 381, Khata – 84, MZ Kharvel Nagar,Near

Ram Mandir,Dist – Khurda, Bhubaneswar,Odisha

Bhubhanes

hwar

751001

Punjab SCO 121, Ground Floor, Feroze Gandhi Market Ludhiana 141001

SCO Shop No.64, Ground Floor, New Leela

Bhawan, Near Income Tax Office

Patiala 147001

ICICI Prudential AMC Ltd. SCF-30, Ground Floor,

Ranjit Avenue, B Block , Amritsar

Amritsar 143008

Unit No.22, Ground Floor, City Square Building, EH

197, Civil Lines

Jalandhar 144001

Rajasthan Unit No. D-34, Ground Floor, G - Business

Park,Subhash Marg, C Scheme,

Jaipur 302001

ICICI Prudential AMC Ltd SHOP NO. 2,RATNAM,

PLOT NO.-14,BHATTJI KI BADI

Udaipur 313001

1st Floor, Plot No 3, Sindhi Colony,Shastri Nagar Jodhpur 342003

Tamil Nadu Abithil Square,189, Lloyds Road,Royapettah Chennai 600014

1st Floor, A Wing, Kimbarley Towers, Y-222, 2nd

Avenue,Anna Nagar

Chennai 600040

Unit No. 2E, at New Door Nos.43 & 44 / Old Nos.96

& 97, 11th Avenue, Ashok Nagar, Chennai – 600

083

CHENNAI 600083

Ground Floor, No:1, Father Rhondy Street, Azad

Road, R.S.Puram, Coimbatore - 641 002

Coimbatore 641002



96

Door No.24, Ground Floor, GST Road, Tambaram

Sanitorium, Chennai

Chennai 600047

TELANGANA Ground & First Floor, No: 1-10-72/A/2, Pochampally

House, Sardar Patel Road, Begumpet

Hyderabad 500016

Uttar

Pradesh

Unit No. G-5, Sai square 16/116, (45), Bhargava

Estate Civil Lines

Kanpur 208001

Unit No. 1, Ground Floor, 14/113 Kan Chamber,

Civil Line, Kanpur, Pin - 208 001.

KANPUR 208001

1st Floor Modern Business Center,19 Vidhan Sabha

Marg

Lucknow 226001

Unit No - 8 & 9, Saran Chambers II, 5 Park road

(Opposite Civil Hospital) Lucknow

Lucknow 226001

D-58/12A-7, Ground Floor, Sigra, Varanasi Varanasi 221010


Limited Shop No FF-1,FF-2 Vashishtha Vinayak

Tower,38/1 Tashkant Marg,Civil Lines, Allahabad

Allahabad 211001

Unit No. C-65, Ground Floor, Raj Nagar District

Center

Ghaziabad 201002

First Floor, Sector-18, Noida,Uttar Pradesh,K-20 Noida 201301

No 2 & 9, Block No-54/4 ,Ground Floor, Prateek

Tower,Sanjay Place

Agra 282010

Ploat no -409 ,1st floor,Gram Chawani,Near Mahila

Thana Civil Lines

Moradabad 244001

Uttrakhand Aarna Tower, Shop no. "c", Ground Floor, 1-Mahant

Laxman Dass Road, Dehradun Uttarakhand- 248

001.

Dehradun 248001

West Bengal Room No 409, 4th Floor,Oswal Chambers, 2,

Church Lane,

Kolkata 700001

227, AJC Bose Road Anandalok, 1st Floor, Room

No. 103/103 A Block - B

Kolkata 700020

1st Floor, 1/393 Garihat Road (South) Opp.

Jadavpur Police Station, Prince Alwar Shah Road

Kolkata 700068

Shanti Square, Ground floor, Sevok Road, 2nd

Mile, Siliguri, West Bengal

Siliguri 734001

Mezzanine Floor, Lokenath Mansion, Sahid

Khudiram Sarani, CityCentre

Durgapur 713216

ICICI Pru AMC Ltd, B- 9/14 (C.A), 1st Floor, Central

Park, Dist- Nadia

Kalyani 741235

Shop A & B, Block - A, Apurba Complex,

Senraleigh Road, Upcar Garden, Ground Floor,

Near Axis Bank, Asansol

Asansol 713304

Sr. Nos Email-IDs:

1. [email protected]












97










Toll Free Numbers and MF central mobile application:

(MTNL/BSNL) 1800222999;

(Others) 18002006666

Website: www.icicipruamc.com

MFCentral platform enables a user-friendly digital interface for investors for

execution of mutual fund transactions for all Mutual Funds in an integrated manner

subject to applicable terms and conditions of the Platform. MFCentral will be

operational in phased manner starting with non-financial transactions. MFCentral can

be accessed using https://mfcentral.com/ and a Mobile App which will be launched in

future. Any registered user of MFCentral, requiring submission of physical document

as per the requirements of MFCentral, may do so at any of the designated Investor

Service centres or collection centres of Kfintech or CAMS.MF Central application will

be available as and when the same is launched.

Other Cities: Additional official transaction acceptance points

(CAMS Transaction Points)

• Agartala: Advisor Chowmuhani (Ground Floor) Krishnanagar, Agartala 799001, Tripura •

Agra: No. 8, II Floor Maruti Tower Sanjay Place, Agra 282002, Uttar Pradesh • Ahmedabad:

111-113,1st Floor, Devpath Building, off : C G Road, Behind lal Bungalow, Ellis Bridge ,

Ahmedabad, Ahmedabad 380006, Gujarat • Nadiad: F -134, First Floor, Ghantakarna

Complex, Gunj Bazar, Nadiad – 387001, Gujarat • Bijapur: Padmasagar Complex, 1st

Floor, 2nd

Gate, Ameer Talkies Road, Vijayapur (Bijapur) – 568101, Karnataka • Ajmer: Shop No.S-5,

Second Floor Swami Complex, Ajmer 305001, Rajasthan • Akola : Opp. RLT Science College

Civil Lines, Akola 444001, Maharashtra • Aligarh: City Enclave, Opp. Kumar Nursing Home

Ramghat Road, Aligarh 202001, Uttar Pradesh • Allahabad: 30/2, A&B, Civil Lines Station,

Besides Vishal Mega Mart, Strachey Road, Allahabad 211051, Uttar Pradesh •Assam: Kanak

Tower 1st Floor, Opp. IDBI Bank/ICICI Bank, C.K.Das Road, Tezpur Sonitpur, Assam - 784

001• Alleppey: Doctor’s Tower Building, Door No. 14/2562, 1st floor, North of Iorn Bridge,

Near Hotel Arcadia Regency, Alleppey 688011, Kerala • Alwar: 256A, Scheme No:1, Arya

Nagar, Alwar 301001, Rajasthan • • Sikar: Pawan Travels Street, Opposite City Centre Mall,

Sikar 332001, Rajasthan • Amaravati : 81, Gulsham Tower, 2nd Floor Near Panchsheel

Talkies, Amaravati 444601, Maharashtra • Ambala : SCO 48-49, Ground Floor, Opposite Peer,

Bal Bhawan Road, Near HDFC Bank, Ambala – 134003, Haryana • Jalpaiguri: Babu Para,

Beside Meenaar Apartment, Ward No VIII, Kotwali Police Station, PO & Dist Jalpaiguri,

Pincode: 735101, West Bengal • Amritsar: 3rd

Floor, bearing Unit No. 313, Mukut House,

Amritsar 143001, Punjab • Anand: 101, A.P. Tower, B/H, Sardhar Gunj Next to Nathwani

Chambers , Anand 388001, Gujarat • Anantapur: 15-570-33, I Floor Pallavi Towers, Anantapur

515001, Andhra Pradesh • Andhra Pradesh : 22b-3-9, Karl Marx Street, Powerpet, Eluru –

534002 • Andheri (parent: Mumbai ISC): CTS No 411, Citipoint, Gundivali, Teli Gali, Above

C.T. Chatwani Hall, Andheri 400069, Maharashtra • Angul : Near Siddhi Binayak +2 Science

College, Similipada, Angul – 759122, Orissa • Ankleshwar: Shop # F -56,1st Floor, Omkar

Complex,Opp Old Colony, Near Valia Char Rasta, G.I.D.C., Ankleshwar 393002, Gujarat •




98

Asansol: Block – G 1st Floor P C Chatterjee Market Complex Rambandhu Talab P O

Ushagram, Asansol 713303, West Bengal • N. N. Road, Power House Choupathi, Coochbehar

– 736101, West Bengal • Shop No. 6, Sriram Commercial Complex, In front of Hotel Blue

Diamon, Ground Floor, T. P. Nagar, Korba 495677 • Ward No. 5, Basantapur More, PO

Arambag, Hoogly, Aramnbagh 712 601, West Bengal • House No. 18B, 1st

Floor, C/o. Lt.

Satyabrata Purkayastha, Opposite to Shiv Mandir, Landmark: Sanjay Karate Building, Near

Isckon Mandir, Ambicapatty, Silchar – 788 004 • Aurangabad:2nd Floor, Block D-21-D-22,

Motiwala Trade Centre, Nirala Bazar, New Samarth Nagar, Opp. HDFC Bank, Aurangabad

431001, Maharashtra • Balasore: B C Sen Road, Balasore 756001, Orissa • Bangalore: Trade

Centre, 1st Floor 45, Dikensen Road (Next to Manipal Centre), Bangalore 560042, Karnataka •

Karnataka :Shop No. 2, 1st Floor, Shreyas Complex, Near Old Bus Stand, Bagalkot - 587 101,

Karnataka • Bangalore: 1st

Floor, 17/1, 272, 12th

Cross Road, Wilson Garden, Bangalore –

560027 • Bankura: 1st Floor, Central Bank Building Machantala, PO Bankura Dist. Bankura,

West Bengal - 722 101 • Bareilly: F-62, 63, Second Floor,, Butler Plaza Civil Lines, Bareilly

243001, Uttar Pradesh • Belgaum: Classic Complex, Block no. 104, 1st Floor, Saraf Colony

Khanapur Road, Tilakwadi, Belgaum - 590 006, Karnataka • Bellary: CAMS Service centre,

18/47/A, Govind Nilaya, Ward No. 20, Sangankal Moka Road, Gandhinagar, Ballari - 583102,

Karnataka • Berhampur: First Floor, Upstairs of Aaroon Printers Gandhi Nagar Main Road,

Berhampur 760001, Orissa • Bhagalpur: Ground floor, Gurudwara road, Near old Vijaya Bank,

Bhagalpur 812 001, Bihar • Purnea: CAMS Service Centre, C/O Muneshwar Prasad, Sibaji

Colony, SBI Main Branch Road, Near Mobile Tower, Purnea – 854301, Bihar • Bharuch: A-

111, First Floor, R K Casta, Behind Patel Super Market, Station Road, Bharuch - 392001,

Gujarat • Bhatinda: 2907 GH,GT Road Near Zila Parishad, Bhatinda 151001, Punjab •

Bhavnagar: 305-306, Sterling Point Waghawadi Road Opp. HDFC Bank, Bhavnagar 364002,

Gujarat • Bhilai: Shop No. 117,Ground Floor, Khicharia Complex, Opposite IDBI Bank, Nehru

Nagar Square, Bhilai 490020, Chattisgarh • Bhilwara: Indraparstha tower Shop Nos 209-213,

Second floor, Shyam ki sabji mandi Near Mukharji garden, Bhilwara 311051, Rajasthan •

Bhojpur: Ground Floor, Old NCC Office, Club Road, Arrah – 802301, Bhojpur, Bihar • Bhopal:

Plot No . 10, 2nd floor, Alankar Complex, Near ICICI Bank, M P Nagar, Zone II, Bhopal 462011,

Madhya Pradesh • Bhubaneswar: 101/ 7, Janpath, Unit-III, Bhubaneswar 751001, Orissa •

Bhuj:Office No. 4-5, 1st Floor RTO, Relocation Commercial, Complex - B, Opp. Fire Station,,

Near RTO Circle, Bhuj, Kutch 370001, Gujarat • Bolpur: Room No. FB26, 1st Floor, Netaji

Market, Bolpur, West Bengal – 731204 • Godhra: 1st Floor, Prem Prakash Tower, B/H B.N

Chambers, Ankleshwar Mahadev Road, Godhra - 389001, Gujarat • Nalanda: R-C Palace,

Amber Station Road, Opp.: Mamta Complex, Bihar Sharif (Nalanda) Bihar 803 101. •

Bhusawal (Parent: Jalgaon TP): 3, Adelade Apartment Christain Mohala, Behind Gulshan-E-

Iran Hotel Amardeep Talkies Road Bhusawal, Bhusawal 425201, Maharashtra • Bikaner:

Behind Rajasthan patrika, in front of Vijaya Bank, 1404 Amar Singh Pura, Bikaner 334 001,

Rajasthan • Bilaspur: Shop No. B-104, First Floor, Narayan Plaza, Link Road, Bilaspur, (C.G),

495 001 Contact:9203900626 • Bokaro: Mazzanine Floor, F-4, City Centre Sector 4, Bokaro

Steel City 827004, Bokaro 827004, Jharkhand • Bongaigaon: G.N.B Road, Bye Lane, Prakash

Cinema, Bongaigaon – 783380, Assam • Burdwan: 1st floor, Above Exide Showroom, 399 G

T Road, Burdwan, 713101• Calicut: 29/97G 2nd Floor Gulf Air Building Mavoor Road

Arayidathupalam, Calicut 673016, Kerala • Chandigarh: Deepak Towers, SCO 154-155, 1st

Floor, Sector17-C, Chandigarh 160017, Punjab •Mandi 328/12, Ram Nagar, 1st Floor, Above

Ram Traders, Mandi – 175001 Himachal Pradesh•Door No. 4-8-73, Beside Sub Post Office,

Kothagraham, Vijaynagaram – 535001, Andhra Pradesh •Haryana : Sco-11-12,1st Floor,

Pawan Plaza, Model Town, Atlas Road, Subhash Chowk, Sonepat-131001• Maharashtra: 1st

Floor, Shraddha Niketan,Tilakwadi, Opp. Hotel City Pride, Sharanpur Road Nasik - 422 002 •

Maharashtra: Dev Corpora, 1st Floor, Office no. 102, Cadbury Junction, Eastern Express

Highway, Thane (West) - 400 601 1 • Maharashtra: st Floor, Shraddha Niketan, Tilakwadi,

Opp. Hotel City Pride, Sharanpur Road Nasik - 422 002• Chandrapur: Opp. Mustafa Décor,

Near Bangalore Bakery, Kasturba Road, Chandrapur, Maharashtra 442 402. Tel. No. 07172 –

253108 Chennai: Ground Floor No.178/10, Kodambakkam High Road Opp. Hotel Palmgrove



99

Nungambakkam, Chennai 600034, Tamil Nadu • Chennai: 7th floor, Rayala Tower - III,158,

Annasalai,Chennai, Chennai 600002, Tamil Nadu • Chennai: Ground floor, Rayala Tower-

I,158, Annasalai, Chennai, Chennai 600002, Tamil Nadu • Cochin: Door No. 39/2638 DJ, 2nd

Floor, 2A, M. G. Road, Modayil Building,, Cochin - 682 016. Tel.: (0484) 6060188/6400210 •

Coimbatore: Old # 66 New # 86, Lokamanya Street (West) Ground Floor R.S. Puram,

Coimbatore 641002, Tamil Nadu • Cuttack: Near Indian Overseas Bank Cantonment Road

Mata Math, Cuttack 753001, Orissa • Davenegere: 13, Ist Floor, Akkamahadevi Samaj

Complex Church Road P.J.Extension, Devengere 577002, Karnataka • Dehradun: 204/121

Nari Shilp Mandir Marg Old Connaught Place, Dehradun 248001, Uttaranchal • Delhi: CAMS

Collection Centre, Flat no.512, Narain Manzil, 23, Barakhamba Road, Connaught Place, New

Delhi 110501, New Delhi • Delhi 306, 3rd

Floor, DDA - 2 Building, District Centre, Janakpuri,

New Delhi - 110058 • Deoghar: S S M Jalan Road Ground floor Opp. Hotel Ashoke Caster

Town, Deoghar 814112, Jharkhand • Dewas: Tarani Colony, Near Pushp Tent House, Dewas

– 455001, Madhya Pradesh• Dhanbad: Urmila Towers Room No: 111(1st Floor) Bank More,

Dhanbad 826001, Jharkhand • Dhule: House No. 3140, Opp. Liberty Furniture, Jamnalal Bajaj

Road, Near Tower Garden, Dhule 424001 • Durgapur: City Plaza Building, 3rd floor, City

Centre, Durgapur 713216, West Bengal • Erode: 197, Seshaiyer Complex Agraharam Street,

Erode 638001, Tamil Nadu • Faridhabad: B-49, Ist Floor Nehru Ground Behind Anupam

Sweet House NIT, Faridhabad 121001, Haryana • Gaya: North Bisar Tank, Upper Ground

floor, Near - I.M.A Hall, Gaya, Bihar – 823001 • Ghaziabad: 113/6 I Floor Navyug Market,

Gazhiabad 201001, Uttar Pradesh • Ground Floor, Canara Bank Building, Dhundhi Katra,

Mirzapur, 231 001, Uttar Pradesh, Contact no: 05442 – 220282, Email ID:

[email protected]• F-10, First Wings, Desai Market, Gandhi Road, Bardoli, 394 601,

Contact No: 8000791814, Email ID: [email protected] •Hyderabad: No. 15-31-2M-

1/4, 1st floor, 14-A, MIG, KPHB Colony, Kukatpally, Hyderabad 500072• Office No. 103, 1st

Floor, Unitech City Centre, M.G. Road, Panaji Goa, Goa - 403001• Gondal: Parent CSC -

Rajkot,A/177, Kailash Complex, Khedut Decor, Gondal 360311, Gujarat • Gandhinagar : 507,

5th Floor, Shree Ugati Corporate Park, Opposite Pratik Mall, Near HDFC Bank, Kudasan,

Gandhinagar – 382421 • Gorakhpur: Shop No. 5 & 6, 3rd Floor Cross Road, The Mall, AD

Tiraha, Bank Road,Gorakhpur 273001, Uttar Pradesh • Gobindgarh: Opposite State Bank of

Bikaner and Jaipur, Harchand Mill Road, Motia Khan, Mandi Gobindgarh, Punjab – 147 301 •

Guntur: Door No 5-38-44 5/1 BRODIPET Near Ravi Sankar Hotel, Guntur 522002, Andhra

Pradesh • Gurgaon: SCO - 17, 3rd Floor, Sector-14, Gurgaon 122001, Haryana • Guwahati:

Piyali Phukan Road, K.C Path, House No.-1 Rehabari, Guwahati 781008, Assam •H. No 1-3-

110, Rajendra Nagar, Mahabubnagar, Telangana, 509001 •B1, 1st floor, Mira Arcade, Library

Road, Amreli, 365601• Gwalior: G-6, Global Apartment Phase-II,Opposite Income Tax Office,

Kailash Vihar City Centre, Gwalior 474001, Madhya Pradesh • House No: Gtk /006/D/20(3),

(Near Janata Bhawan) D. P. H. Road, Gangtok - 737 101. Sikkim • Haridwar – F-3, Hotel

Shaurya, New Model Colony, Haridwar, Uttarkhand, 249408 • Hassan: 2nd Floor, Pankaja

Building, Near Hotel Palika, Race Course Road, Hassan – 573201, Karnataka • Hazaribag:

Municipal Market Annanda Chowk, Hazaribagh 825301, Jharkhand • Hisar: 12, Opp. Bank of

Baroda Red Square Market, Hisar 125001, Haryana • Hubli: No.204 - 205, 1st Floor, ’ B ‘ Block,

Kundagol Complex, Opp. Court, Club Road, Hubli 580029, Karnataka • Hyderabad: 208, II

Floor, Jade Arcade Paradise Circle, Secunderabad 500003, Andhra Pradesh • Indore: 101,

Shalimar Corporate Centre 8-B, South Tukogunj, Opp.Greenpark, Indore 452001, Madhya

Pradesh • Jabalpur: 975, Chouksey Chambers, Near Gitanjali School, 4th Bridge, Napier

Town, Jabalpur 482001, Madhya Pradesh • Jaipur: R-7, Yudhisthir Marg, C-Scheme Behind

Ashok Nagar Police Station, Jaipur 302001, Rajasthan • Jalandhar: 367/8, Central Town Opp.

Gurudwara Diwan Asthan, Jalandhar 144001, Punjab • Jalgaon: Rustomji Infotech Services

70, Navipeth Opp. Old Bus Stand, Jalgaon 425001, Maharashtra • Jalna C.C. (Parent:

Aurangabad): Shop No 6, Ground Floor, Anand Plaza Complex, Bharat Nagar, Shivaji Putla

Road, Jalna 431203, Maharashtra • Jammu: JRDS Heights, Lane Opp. S&S Computers,Near

RBI Building, Sector 14, Nanak Nagar, Jammu 180004, Jammu & Kashmir • Jamnagar: 207,

Manek Centre, P N Marg, Jamnagar 361001, Gujarat. Tel.: (0288) 6540116 • Jamshedpur:



100

Millennium Tower, “R” Road Room No:15 First Floor, Bistupur, Jamshedpur 831001,

Jharkhand • Jhansi: 372/18 D, 1st floor, Above IDBI Bank, Beside V-Mart, Near RASKHAN,

Gwalior Road, Jhansi 284001 • Jodhpur: 1/5, Nirmal Tower Ist Chopasani Road, Jodhpur

342003, Rajasthan • Dewal Road, 2nd

Floor, Left Side Second Building, Near Budhi Gukhani

Mandir, Gar Ali, Jorhat - 785001 • Junagadh: Circle Chowk, Near Choksi Bazar Kaman,

Gujarat, Junagadh 362001, Gujarat • Kadapa: Bandi Subbaramaiah Complex, D.No:3/1718,

Shop No: 8, Raja Reddy Street, Besides Bharathi Junior College, Kadapa 516001, Andhra

Pradesh, West Bengal • R. N. Tagore Road, Kotwali P. S.,Krishnanagar, Nadia, West Bengal.

Pin code - 741101 •Kangra: C/O Dogra Naresh and Associates, College Road, Kangra,

Himachal Pradesh, 176001• D No – 25-4-29, 1st floor, Kommireddy vari street, Beside Warf

Road, Opp Swathi Medicals, Kakinada 533001, Andhra Pradesh • Kalyani: A - 1/50, Block - A,

Dist Nadia, Kalyani 741224, West Bengal • Kannur: Room No.14/435 Casa Marina Shopping

Centre Talap, Kannur 670004, Kerala • Kanpur: I Floor 106 to 108 CITY CENTRE Phase II 63/ 2,

The Mall, Kanpur 208001, Uttar Pradesh • Karimnagar: HNo.7-1-257, Upstairs S B H

Mangammathota, Karimnagar 505001, Andhra Pradesh • Karnal (Parent: Panipat TP): 29

Avtar Colony, Behind Vishal Mega Mart, Karnal 132001• Karur: # 904, 1st Floor Jawahar

Bazaar, Karur 639001, Tamil Nadu • Kasaragod: KMC XXV/88, 1st and 2nd Floor, Stylo

Complex, Above Canara Bank, Bank Road, Kasaragod - 671121, Kerala • Kashipura: Dev

Bazaar, Bazpur Road, Kashipur – 244713, Uttarkhand • Kharagpur: 623/1 Malancha Main

Road, PO Nimpura, Ward No - 19, Kharagpur 721304, West Bengal • Kharagpur: “Silver

Palace”, OT Road, Inda – Kharagpur, G.P Barakola, P.S – Kharagpur local, West Midnapore –

721305 • Kolhapur: 2 B, 3rd Floor, Ayodhya Towers,Station Road, Kolhapur 416001,

Maharashtra • Kolkata: N/39, K.N.C Road, 1st Floor, Shrikrishna Apartment, (Behind HDFC

Bank Barasat Branch), PO and PS: Barasat District: 24 PGS (North), Pincode - 700 124 •

Kolkata – 2A, Ganesh Chandra Avenue, Room No. 3A “Commerce House” (4th floor), Kolkata

700013 • Kolkata: CAMS Service Centre Kankaria Centre, 2/1,Russell Street ,2nd Floor, West

Bengal - 700071, Kolkata 700071, West Bengal •Kadakkan Complex, Opp Central School,

Malappuram 670 504• 53, 1st Floor, Shastri Market, Sadar Bazar, Firozabad 283 203• Kollam:

Uthram Chambers, (Ground Floor), Thamarakulam, Kollam – 691 006., Kerala • Kota: B-33

‘Kalyan Bhawan Triangle Part ,Vallabh Nagar, Kota 324007, Rajasthan • 1307 B,

Puthenparambil Building, KSACS Road, Opposite ESIC Office, Behind Malayala Manorama,

Muttanbalam P.O., Kottayam – 686 501, Kottayam: Door No - XIII/658, Thamarapallil Building,

M L Road, Near KSRTC Bus Stand Road, Kottayam - 686001• No. 28/8, 1st

Floor, Balakrishna

Colony, Pachayappa Street, Near VPV Lodge, Kumbakonam - 612001• Kurnool: H.No.43/8,

Upstairs Uppini Arcade, N R Peta, Kurnool 518004, Andhra Pradesh • Lucknow: Off # 4,1st

Floor,Centre Court Building, 3/C, 5 - Park Road, Hazratganj, Lucknow 226001, Uttar Pradesh •

Ludhiana: U/ GF, Prince Market, Green Field Near Traffic Lights, Sarabha Nagar Pulli Pakhowal

Road, Ludhiana 141002, Punjab • Madurai: Cams Service Centre, # Ist Floor,278, North

Perumal, Maistry Street (Nadar Lane), Madurai 625001, Tamil Nadu • Mangalore: No. G 4 & G

5, Inland Monarch Opp. Karnataka Bank Kadri Main Road, Kadri, Mangalore 575003,

Karnataka • Mapusa: Office no. 503, Buildmore Business Park, New Canca by pass road,

Ximer, Mapusa, 403 507, Goa. • Margao: F4 – Classic Heritage, Near Axis Bank, Opp. BPS

Club, Pajifond, Margao, Goa 403601• Meerut: 108 Ist Floor Shivam Plaza Opposite Eves

Cinema, Hapur Road, Meerut 250002, Uttar Pradesh • Mehsana: 1st Floor, Subhadra Complex

Urban Bank Road, Mehsana 384002, Gujarat • Moradabad: H 21-22, 1st Floor,Ram Ganga

Vihar Shopping Complex, Opposite Sales Tax Office,, Uttar Pradesh • 501 - TIARA CTS 617,

617/1-4, Off Chandavarkar Lane, Maharashtra Nagar,Borivali (West), Mumbai - 400 092. •

Mumbai - Ghatkopar: Office no. 307, 3rd

Floor, Platinum Mall, Jawahar Road, Ghatkopar East,

Mumbai – 400077 • Mumbai: Rajabahdur Compound, Ground Floor Opp Allahabad Bank,

Behind ICICI Bank 30, Mumbai Samachar Marg, Fort, Mumbai 400023, Maharashtra • Navi

Mumbai:CAMS Service Centre BSEL Tech Park, B-505, Plot no 39/5 & 39/5A, Sector 30A, Opp.

Vashi Railway Station, Vashi, Navi Mumbai - 400705• Muzaffarnagar 235, Patel Nagar,Near

Ramlila Ground,New Mandi,, Muzaffarnagar - 251001 • Muzzafarpur: Brahman toli,

Durgasthan Gola Road, Muzaffarpur 842001, Bihar • Mysore: No.1, 1st Floor CH.26 7th Main,



101

5th Cross (Above Trishakthi Medicals) Saraswati Puram, Mysore 570009, Karnataka •

Nadiad: F 142, First Floor, Gantakaran Complex, Gunj Bazar, Nadiad 387001, Gujarat •

Nagpur: 145 Lendra Park, Behind Indus Ind Bank New Ramdaspeth, Nagpur 440010,

Maharashtra • Nagercoil IV Floor, Kalluveettil Shyras Center 47, Court Road, Nagercoil - 629

001 • Nanded: Shop No.8 and 9 Cellar, Raj Mohd. complex, Main Road Sree nagar, Nanded –

431 605. Tel. No. 9579444034 Nasik: 1st Floor, Shraddha Niketan, Tilakwadi, Opp. Hotel City

Pride,Sharanpur Road, Nasik 422005, Maharashtra • Navsari: CAMS Service Center,16, 1st

Floor, Shivani Park, Opp. Shankheswar Complex, Kaliawadi, Navsari, Navasari 396445,

Gujarat • Nagaland: House no. 436, Ground Floor, MM Apartment, Dr. Hokishe Sema Road,

Near Bharat Petroleum, Lumthi Colony, Opposite T.K Complex, Dimapur – 797112 • Nellore:

97/56, I Floor Immadisetty Towers Ranganayakulapet Road, Santhapet, Nellore 524001,

Andhra Pradesh • New Delhi: Aggarwal Cyber Plaza-II, Commercial Unit no. 371, 3rd

Floor,

Plot No. C-7, Netaji Subhash Place, Pitampura – 110034 • New Delhi : 304-305 III Floor

Kanchenjunga Building 18, Barakhamba Road Cannaugt Place, New Delhi 110501, New Delhi

•Nizamabad: CAMS Service Centre, 5-6-208, Saraswathi Nagar, Opposite Dr. Bharathi Rani

Nursing Home, Nizamabad – 503001, Telangana • Noida: E-3, Ground Floor, Sector 3, Near

Fresh Food Factory, Noida 201301, Uttar Pradesh • Palakkad: 10 / 688, Sreedevi Residency

Mettupalayam Street, Palakkad 678001, Kerala • Panipat: 83, Devi Lal Shopping Complex Opp

ABN Amro Bank, G.T. Road, Panipat 132103, Haryana • Patiala: 35 New Lal Bagh, Opposite

Polo Ground,Patiala 147001, Punjab • Patna: G-3, Ground Floor, Om Vihar Complex, SP

Verma Road, Patna 800001, Bihar • Pathankot: 13-A, 1st Floor, Gurjeet Market, Dhangu Road,

Pathankot 145001, Punjab •Port Blair CAMS Service Centre, 35, behind Hotel Haywiz, M.A.

Road, Phoenix Bay, Port Blair - 744 102 • Phagwara : Shop no. 2, Model Town, Near Joshi

Driving School, Phagwara – 144401, Punjab • Pondicherry: S-8, 100, Jawaharlal Nehru Street

(New Complex, Opp. Indian Coffee House), Pondicherry 605001, Pondichery • Pune: Vartak

Pride, First Floor, Suvery No. 46, City Survey No. 1477, Hingne Budruk, D.P Road, Behind

Dinanath Mangeshkar Hospital, Karvenagar, Pune - 411052, Maharashtra •Raipur: HIG,C-23,

Sector - 1, Devendra Nagar, Raipur 492004, Chattisgarh • Rajahmundry: Cabin 101 D.no 7-27-

4 1st Floor Krishna Complex Baruvari Street T Nagar, Rajahmundry 533101, Andhra Pradesh •

Rajkot: Office 207 - 210, Everest Building Harihar Chowk, Opp Shastri Maidan, Limda Chowk,

Rajkot 360001, Gujarat • Ranchi: 4, HB Road, No: 206, 2nd Floor Shri Lok Complex, Ranchi

834001, Jharkhand • Rohtak: 205, 2ND Floor, Blg. No. 2, Munjal Complex, Delhi Road,

Rohtak 124001, Haryana • Rourkela: JBS Market complex, 2nd Floor, Udit Nagar, Rourkela -

769012, Odisha • Saharanpur: I Floor, Krishna Complex Opp. Hathi Gate Court Road,

Saharanpur 247001, Uttar Pradesh • Salem: No.2, I Floor Vivekananda Street, New Fairlands,

Salem 636016, Tamil Nadu • Sambalpur: C/o Raj Tibrewal & Associates Opp.Town High

School, Sansarak, Sambalpur 768001, Orissa • Sangli: Jiveshwar Krupa Bldg, Shop. No. 2,

Ground Floor, Tilak Chowk, Harbhat Road, Sangli 416416, Contact No.: 0233-6600510

•Satna: 1st Floor, Shri Ram Market, Beside Hotel Pankaj, Birla Road, Satna 485001, Madhya

Pradesh •Satara: 117 / A / 3 / 22, Shukrawar Peth Sargam Apartment, Satara 415002,

Maharashtra • Shillong: 3rd Floor, RPG Complex, Keating Road, Shillong 793001, Meghalaya,

Tel: (0364) 2502511 • Shimla: I Floor, Opp. Panchayat Bhawan Main gate Bus stand, Shimla

171001, Himachal Pradesh • Shimoga: Nethravathi Near Gutti Nursing Home Kuvempu Road,

Shimoga 577201, Karnataka • Sikar: Pawan Travels Street, Opposite City Center Mall, Sikar –

332001, Rajasthan • Siliguri: 78, First Floor, Haren Mukherjee Road, Beside SBI Hakimpara,

Siliguri - 734001, West Bengal • Solapur: 4, Lokhandwala Tower, 144, Sidheshwar Peth, Near

Z.P. Opp. Pangal High School, Solapur 413001, Maharashtra • 47/5/1, Raja Rammohan Roy

Sarani, PO Mallickpara, Dist Hoogly, Sreerampur 712203 • Surat: Office No 2 Ahura -Mazda

Complex First Floor, Sadak Street Timalyawad, Nanpura, Surat 395001, Gujarat • Shop No. G-

5, International Commerce Center, Near Kadiwala School, Majura Gate, Ring Road, Surat ,

Gujarat- 395 002•Thane – 3rd floor, Nalanda Chambers, B Wing, Gokhale Road, Near

Hanuman Temple, Naupada, Thane (West) 400 062 • Thiruppur: 1(1), Binny Compound, II

Street, Kumaran Road, Thiruppur 641601, Tamil Nadu • Thiruvalla: Central Tower,Above

Indian Bank Cross Junction, Tiruvalla 689101, Kerala • Thiruvalla: 1st

Floor, Room No. 61 (63),



102

International Shopping Mall, Opp. St. Thomas Evangelical Church, Above Thomson Bakery,

Manjady, Thiruvalla, 689105, Kerala • Tirunelveli: III Floor, Nellai Plaza 64-D, Madurai Road,

Tirunelveli 627001, Tamil Nadu • Tirunelvli: No. F4, Magnem Suraksha Apartments,

Thiruvananthapuram Road, Tirunelveli - 627 002, Kerala •Tirupathi: Shop No: 6, Door No: 19-

10-8 (Opp to Passport Office), AIR Bypass Road Tirupati - 517501, Andhra Pradesh, Tel:

(0877) 6561003 • Trichur: Room No. 26 & 27,DEE PEE PLAZA,Kokkalai, Trichur 680001,

Kerala • Trichy: No 8, I Floor, 8th Cross West Extn Thillainagar, Trichy 620018, Tamil Nadu •

Trivandrum: R S Complex Opposite of LIC Building Pattom PO, Trivandrum 695004, Kerala •

Udaipur: 32, Ahinsapuri, Fatehpura circle, Udaipur – 313001, Email Id -

[email protected], Rajasthan • Udhampur: Guru Nank Institute, NH-1A, Udhampur,

Jammu & Kashmir – 182101 • Vadodara: 103 Aries Complex, BPC Road, Off R.C. Dutt Road,

Alkapuri, Vadodara 390007, Gujarat • Valsad: Ground Floor Yash Kamal -”B” Near Dreamland

Theater Tithal Road, Valsad 396001, Gujarat • VAPI: 208, 2nd Floor, Heena Arcade, Opp.

Tirupati Tower, Near G.I.D.C., Char Rasata, Vapi 396195, Gujarat • Varanasi: Office no 1,

Second floor, Bhawani Market, Building No. D-58/2-A1, Rathyatra, Beside Kuber Complex

Varanasi - 221010, Uttar Pradesh • Vellore: AKT Complex 2nd

Floor, No. 1 and 3 New

Sankaranpalayam Road, TollGate, Vellore – 632001, Tamil Nadu • Vijayawada: 40-1-68, Rao &

Ratnam Complex Near Chennupati Petrol Pump M.G Road, Labbipet, Vijayawada 520010,

Andhra Pradesh • Himachal Pradesh: 328/12, Ram Nagar, 1st Floor, Above Ram Traders,

Mandi – 175001 • Flat No GF2, D NO 47-3-2/2, Vigneswara Plaza, 5th Lane, Dwarakanagar,

Visakhapatnam - 530 016, Andhra Pradesh • Warangal: A.B.K Mall, Near Old Bus Depot Road,

F-7, 1st Floor, Ramnagar, Hanamkonda, Warangal 506001, Andhra Pradesh • Yamuna Nagar:

124-B/R Model Town Yamunanagar, Yamuna Nagar 135001, Haryana. • Gopal katra, 1st

Floor, Fort Road Jaunpur – 222001, Contact no: 05452 321630 Jaunpur• Hosur : Survey

No.25/204, Attibele Road, HCF Post, Mathigiri, Above Time Kids School, Opposite to Kutty’s

Frozen Foods, Hosur - 635 110,Tamil Nadu, Contact no: 04344 – 262303. Ground Floor, Kalika

Temple Street, Beside SBI Bazar Branch, Berhampur, 760 002, Odisha.

TP Lite Centres

•Ahmednagar: Office No. 3, 1st

Floor, Shree Parvati, Plot No. 1/175, Opp. Mauli Sabhagruh,

Zopadi Canteen, Savedi, Ahmednagar – 414003 • Basti: Office # 3, 1st Floor, Jamia Shopping

Complex, Opp Pandey School, Station Road, Basti 272002, Uttar Pradesh • Chhindwara: 2nd

Floor, Parasia Road, Near Surya Lodge, Sood Complex, Above Nagpur CT Scan, Chhindwara

– 480001, Madhya Pradesh • Chittorgarh: CAMS Service centre, 3 Ashok Nagar,Near Heera

Vatika, Chittorgarh, Chittorgarh 312001, Rajasthan • Darbhanga: Shahi Complex,1st Floor

Near RB Memorial hospital,V.I.P. Road, Benta Laheriasarai, Darbhanga 846001, Bihar •

Dharmapuri : # 16A/63A, Pidamaneri Road, Near Indoor Stadium, Dharmapuri, Dharmapuri

636701, Tamil Nadu • Shop No 26 and 27, Door No. 39/265A and 39/265B, Second Floor,

Skanda Shopping Mall, Old Chad Talkies, Vaddageri, 39th Ward, Kurnool, Andhra Pradesh,

518001 • Dhule : H. No. 1793 / A, J.B. Road, Near Tower Garden, Dhule 424001, Maharashtra

• Faizabad: Amar Deep Building, 3/20/14, IInd floor, Niyawan, Faizabad-224001•

Gandhidham: Office No. 4,, Ground Floor, Ratnakala Arcade, Plot No. 231, Ward – 12/B,

Gandhidham 370201, Gujarat • Gulbarga: Pal Complex, Ist Floor Opp. City Bus Stop,

SuperMarket, Gulbarga 585101, Karnataka • Haldia: 2nd Floor, New Market Complex,

Durgachak Post Office, Purba Medinipur District, Haldia 721602, West Bengal • Haldwani:

Durga City Centre, Nainital Road Haldwani, Haldwani 263139, Uttaranchal • Himmatnagar: D-

78 First Floor, New Durga Bazar, Near Railway Crossing, Himmatnagar 383001, Gujarat •

Hoshiarpur: Near Archies Gallery Shimla Pahari Chowk, Hoshiarpur 146001, Punjab • Hosur:

No.303, SIPCOT Staff Housing Colony, Hosur 635126, Tamil Nadu • Jaunpur: 248, Fort Road,

Near Amber Hotel, Jaunpur 222001, Uttar Pradesh • Katni: 1st Floor, Gurunanak

Dharmakanta, Jabalpur Road, Bargawan, Katni 483501, Madhya Pradesh • Khammam: Shop

No: 11 - 2 - 31/3, 1st floor, Philips Complex, Balajinagar, Wyra Road, Near Baburao Petrol

Bunk, Khammam 507001, Andhra Pradesh • Malda: Daxhinapan Abasan, Opp Lane of Hotel



103

Kalinga, SM Pally, Malda 732101, West Bengal • Manipal: CAMS Service Centre, Basement

floor, Academy Tower, Opposite Corporation Bank, Manipal 576104, Karnataka • Mathura:

159/160 Vikas Bazar, Mathura 281001, Uttar Pradesh • Moga: 9 No, New Town, Opposite

Jaiswal Hotel, Daman Building, Moga 142 001, Punjab• Namakkal: 156A / 1, First Floor,

Lakshmi Vilas Building Opp. To District Registrar Office, Trichy Road, Namakkal 637001,

Tamil Nadu • Palanpur: Gopal Trade Centre, Shop No. 13-14, 3rd Floor, Near BK Mercantile

Bank, Opp. Old Gunj, Palanpur 385001, Gujarat • Rae Bareli: No.17 Anand Nagar Complex,

Rae Bareli 229001, Uttar Pradesh • Rajapalayam: D. No. 59 A/1, Railway Feeder Road Near

Railway Station, Rajapalayam 626117, Tamil Nadu • Ratlam: Dafria & Co 81, Bajaj Khanna,

Ratlam 457001, Madhya Pradesh • Ratnagiri: Orchid Tower, Ground Floor, Gala No. 06, S.V.

Road No. 301/Paiki ½, Nachane Municipal Aat, Arogya Mandir, Nachane Link Road, Ratnagiri

– 415612, Maharashtra • Roorkee: Cams Service Center, 22 Civil Lines Ground, Floor, Hotel

Krish Residency, (Haridwar), Roorkee 247667, Uttaranchal • Sagar: Opp. Somani

Automobiles Bhagwanganj, Sagar 470002, Madhya Pradesh • Shahjahanpur: Bijlipura, Near

Old Distt Hospital, Jail Road, Shahjahanpur 242001, Uttar Pradesh • Sirsa: Bansal Cinema

Market, Beside Overbridge, Next to Nissan car showroom, Hissar Road, Sirsa 125055,

Haryana • Sitapur: Arya Nagar Near Arya Kanya School, Sitapur 262001, Uttar Pradesh •

Solan: 1st Floor, Above Sharma General Store Near Sanki Rest house The Mall, Solan

173212, Himachal Pradesh • Srikakulam: Door No 4-4-96, First Floor. Vijaya Ganapathi

Temple Back Side, Nanubala Street, Srikakulam 532001, Andhra Pradesh • Sultanpur: 967,

Civil Lines Near Pant Stadium, Sultanpur 228001, Uttar Pradesh • Surendranagar: 2 M I Park,

Near Commerce College Wadhwan City, Surendranagar 363035, Gujarat • Tinsukia: Dhawal

Complex, Ground Floor, Durgabari Rangagora Road, Near Dena Bank, PO Tinsukia, Tinsukia

786125, Assam • Tuticorin: 4B / A-16 Mangal Mall Complex,Ground Floor, Mani Nagar,

Tuticorin 628003, Tamil Nadu • Ujjain: 109, 1st Floor, Siddhi Vinayak Trade Centre, Shaheed

Park, Ujjain 456010, Madhya Pradesh • Vasco: No DU 8, Upper Ground Floor, Behind

Techoclean Clinic, Suvidha Complex,Near ICICI Bank, Vasco da gama 403802, Goa •

Yavatmal: Pushpam, Tilakwadi, Opp. Dr. Shrotri Hospital, Yavatmal 445001, Maharashtra.

In addition to the existing Official Point of Acceptance of transactions, Computer Age

Management Services Ltd. (CAMS), the Registrar and Transfer Agent of ICICI Prudential

Mutual Fund, having its office at New No 10. Old No. 178, Opp. to Hotel Palm Grove, MGR

Salai (K.H.Road), Chennai - 600 034 shall be an official point of acceptance for electronic

transactions received from the Channel Partners with whom ICICI Prudential Asset

Management Company Limited has entered or may enter into specific arrangements for all

financial transactions relating to the units of mutual fund schemes. Additionally, the secure

Internet sites operated by CAMS will also be official point of acceptance only for the limited

purpose of all channel partners transactions based on agreements entered into between IPMF

and such authorized entities. Additionally, the Internet site(s) operated by the AMC and online

applications of the AMC (including Iprutouch) will also be official point of acceptance. The

AMC also accepts applications received on designated FAX numbers.

In addition to the existing Official Point of Acceptance of transactions, authorized Points of

Service (POS) of MF Utilities India Private Limited (MFUI) shall be an official point of

acceptance for all financial and non- financial transactions. The updated list of POS of MFUI is

available on www.mfuindia.com. The online transaction portal of MFU is

www.mfuonline.com. Further, Investors can also subscribe units of the Scheme during the

NFO Period by availing the platforms/facilities made available by the Stock Exchanges.

For the updated list of official Point of Acceptance of transactions of AMC and CAMS, please

refer the website of the AMC viz., www.icicipruamc.com

http://www.mfuonline.com/
